BOGOTA,
Colombia, Feb. 21, 2025 /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 28, 2025. 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.
- Inform the administrators and employees of the Company to: i)
abstain from suggesting or determining the name of the
shareholders' representatives; ii) not suggest to shareholders to
vote for a specific candidate list and iii) not suggest, coordinate
or agree with shareholders to present proposals at the meeting or
vote for or against any proposal presented at the meeting.
- Restrict granting proxies to people directly or indirectly
linked to the administration or employees of the Company.
- The Vice-Presidency of Legal Affairs and Secretariat shall be
the area responsible for the review and verification of
proxies.
These measures were adopted by the members of the Board of
Directors of Ecopetrol in a meeting held on February 21, 2025 and are expected to be
implemented prior to the Ordinary 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 19,000
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 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 (Colombia)
Marcela
Ulloa
Email: marcela.ulloa@ecopetrol.com.co
View original
content: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-28-2025-302382692.html
SOURCE Ecopetrol S.A.
