BOGOTÁ, Colombia, Nov. 23, 2017 /CNW/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC) reports that its Board of Directors, meeting
in ordinary session on November 16,
2017, authorized Dr. Felipe Bayón Pardo, Chairman and
Company Legal Representative, to purchase up to the equivalent of
COP$ 15,000,000 (fifteen million Colombian pesos) of Ecopetrol
shares.
This transaction will become effective within eight (8) business
days following the date of approval and after the publication of
the 2018 investment plan, and according to Dr. Felipe Bayón, is not for speculative
purposes.
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 and Section 21E of the U.S. Securities
Exchange Act of 1934. 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 further information contact:
Capital Markets
Manager
María Catalina
Escobar
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Telephone: + 571-234-4329
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.