BOGOTA,
Colombia, Feb. 15, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company")
informs that to comply with the provisions of Part III Title I
Chapter VI of the Basic Legal Circular issued by the Financial
Superintendence of Colombia (E.C.
029 of 2014), the Board of Directors of Ecopetrol approved the
implementation of the measures described below which are aimed at
guaranteeing the adequate representation of shareholders at the
Ordinary General Shareholder's Meeting to be held on March 22, 2024. The Board instructed the
Company's management to:
- Inform shareholders of their right to be represented through
the appointment of a proxy and indicate the legal requirements of
the proxies to be granted for such purpose.
- Appoint those who will validate the shareholders' proxy
assignments, advising that those proxies that fail to meet the
minimum requirements established by law will not be admitted as
valid, and no proxy form will be accepted where the name of the
respective appointed representative is not clearly defined.
- Abstain from recommending or influencing the name of the
shareholders' attorneys-in-fact or their proxy selection
process.
- Inform all Company employees that they may not suggest to
shareholders to vote for a specific candidate list.
- Abstain from suggesting, coordinating or agreeing with the
shareholders on: (i) the presentation of proposals at the Meeting
and/or (ii) the vote for or against any proposal to be presented at
the Meeting.
- Verify and implement procedures such that no proxies are
granted to persons directly or indirectly related to the Company's
management or employees.
- The Vice-Presidency of Legal Affairs shall be the area
responsible for the review and verification of proxies.
- The Vice President of Legal Affairs and General Secretary of
Ecopetrol S.A. shall be responsible for ensuring the implementation
and compliance of the above-descried measures.
These measures were adopted by the members of the
Board of Directors of Ecopetrol in a meeting held on February 14, 2024 and are being reported prior to
the holding of the General Shareholders' Meeting.
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.
For more information, please contact:
Head of Capital Markets
Carolina Tovar
Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ecopetrol-publishes-measures-to-guarantee-the-adequate-representation-of-its-shareholders-at-the-ordinary-general-shareholders-meeting-to-be-held-on-march-22-2024-302063130.html
SOURCE Ecopetrol S.A.