BOGOTA,
Colombia, May 10, 2024 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in light of the
statutory reform approved by its Shareholders' during their
ordinary meeting held on March 22,
2024, its local bondholders are summoned to consider said
reform, in compliance with Colombian regulations applicable to
securities issuers, particularly Article 6.4.1.1.42 of Decree 2555
of 2010.
For this purpose, Itaú Fiduciaria Colombia S.A. and Alianza
Valores Fiduciaria S.A., entities acting as representatives of the
holders of the local bonds issued by Ecopetrol, at the Company's
request and in accordance with Article 6.4.1.1.18 of Decree 2555 of
2010, have notified bondholders of the date for the General Meeting
of Holders for bonds issued in 2010 and 2013, through an
announcement published in La República newspaper, as follows:
For bonds issued in 2013, Itaú Fiduciaria Colombia S.A. called
bondholders to a meeting on May 20,
2024 at 08:00 a.m., to be
attended either in person at Bogotá D.C. Carrera 13 No. 36-24, 2nd
floor, in accordance with Article 19 of Law 222 of 1995 and Decree
398 of 2020, or virtually via the virtual tool of the Centralized
Securities Depository of Colombia
– Deceval S.A., accessible through the following link:
https://asambleabonosecopetrol2013.azurewebsites.net/. Bonds
issued in 2013, denominated in pesos with variable IPC interest
rate, have the following characteristics:
Issuance
|
Date of
placement
|
Expiration
Date
|
Term (Years)
|
Cupon
|
Amount Outstanding
(COP millions)
|
COC04CBVP007
|
27/aug/2013
|
27/aug/2028
|
15 years
|
IPC + 4.90%
|
$347,500
|
COC04CBVP007
|
27/aug/2013
|
27/aug/2043
|
30 years
|
IPC + 5.15%
|
$262,950
|
The agenda for the meeting will be as follows:
- Verification of quorum.
- Reading and approval of the agenda.
- Appointment of the individuals who will act as chairman and
secretary of the meeting.
- Election of the committee for the approval and signing of the
minutes of the meeting.
- Presentation of the report prepared by Ecopetrol S.A. as
issuer, regarding the amendment of its corporate purpose.
- Reading of the opinion from the credit rating agency Fitch
Ratings Colombia S.A.
- Presentation of the report prepared by Itaú Fiduciaria as
the legal representative of the Ecopetrol bondholders.
For the bonds issued in 2010, Alianza Valores Fiduciaria S.A.
called bondholders to a meeting on May 20,
2024 at 10:00 a.m., to be
attended either in person at Bogotá D.C., Carrera 13 No. 36-24 2nd
floor, in accordance with the provisions of Article 19 of Law 222
of 1995 and Decree 398 of 2020, or virtually via the virtual tool
of the Centralized Securities Deposit of Colombia - Deceval S.A. with the following
access link: https://asambleabonosecopetrol2010.azurewebsites.net/.
Bonds issued in 2010, Series A, denominated in pesos with variable
rate IPC, have the following characteristics:
Issuance
|
Date of
placement
|
Expiration
Date
|
Term (Years)
|
Cupon
|
Amount Outstanding
(COP millions)
|
COC04CBVP023
|
01/dec/2010
|
01/dec/2040
|
30 years
|
IPC + 4.90%
|
$284,300
|
The Agenda for the meeting shall be as follows:
- Verification of quorum.
- Reading and approval of the agenda.
- Delegation of legal representation from bondholders to the
individuals who will act as chairman and secretary of the meeting
in accordance with section 4.3.3. of Chapter I, Title I, Part III
of the Basic Legal Circular.
- Presentation of the report prepared by Ecopetrol on the
Statutory Reform, approved by Shareholders during their ordinary
meeting held on March 22, 2024.
- Presentation of the report prepared by Alianza Fiduciaria
S.A. in its capacity as Legal Representative of Holders of Internal
Public Debt Bonds issued in 2010.
- Reading of the opinion issued by the risk rating
agency Fitch Ratings.
- Voting and decision of the bondholders on the Statutory
Reform.
- Appointment of the committee to approve the minutes of the
meeting.
For more information on the general conditions to attend the
bondholders' meetings, 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.