BOGOTÁ, Colombia, Dec. 21,
2023 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL;
NYSE: EC) informs that in order to comply with the provisions of
Part III Title I Chapter VI of the Basic Legal Circular issued by
the Financial Superintendency of Colombia (E.C. 029 of 2014), the Board of
Directors of Ecopetrol S.A. approved the implementation of measures
aimed at ensuring the adequate representation of shareholders at
the extraordinary meeting of the Assembly to be held on
January 10, 2024 and, in this regard,
requested the Management to:
![Ecopetrol Logo. (PRNewsFoto/Ecopetrol S.A.) Ecopetrol Logo. (PRNewsFoto/Ecopetrol S.A.)](https://mma.prnewswire.com/media/95646/ecopetrol_s_a__logo.jpg)
- The shareholders should be informed of the power of
representation that they have through the appointment of a proxy
and the legal requirements of the powers of attorney granted for
such purpose should be indicated.
- Those appointed to verify the powers of attorney granted by the
shareholders should be instructed that those that do not comply
with the minimum requirements established by law will not be
admitted as valid, and that powers of attorney will not be received
if the name of the respective representative is not clearly
defined.
- Do not suggest or determine the name of the shareholders'
proxy.
- Do not suggest, coordinate or agree with the shareholders: (i)
the presentation of proposals at the Meeting and/or (ii) the voting
for or against any proposal to be presented at the Meeting.
- No proxies shall be granted to persons directly or indirectly
related to the management or employees of Ecopetrol S.A.
- The Legal Vice-Presidency shall be the area responsible for the
process of reviewing and verifying the powers of attorney.
- The Vice-Presidency of Corporate Affairs and General Secretary
of Ecopetrol S.A. be responsible for ensuring the implementation
and compliance with the above measures.
The above measures were adopted by the members of the Board of
Directors of Ecopetrol S.A. in a meeting held on December 19, 2023 and are reported prior to the
respective General Shareholders' Meeting.
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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
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.