BOGOTÁ, Colombia, May 21, 2024
/PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs
that, as reported yesterday, May 20,
2024, the quorum required to hold the ordinary meeting of
holders of Ecopetrol's bonds issued in 2010 and 2013 were not met.
Such meetings had previously been called by Alianza Valores
Fiduciaria S.A. and Itaú Fiduciaria Colombia S.A., as
representatives of holders of the 2010 and 2013 bonds, respectively
(the "Representatives").
For the above reason, the Representatives have made a second
call to the aforementioned bondholder assemblies, to submit for
their consideration the statutory reform approved by the Ordinary
General Assembly of Ecopetrol Shareholders, on March 22, subject to the provisions of article
6.4.1.1.22 of Decree 2555 of 2010, in the following terms:
For the 2013 issue, Itaú Fiduciaria Colombia S.A. called
bondholders to a meeting on May 29,
2024 at 08:00 a.m., to be
attended either in person at Bogotá D.C., Carrera 13 No. 36-24
floor 2, in accordance with the provisions of article 19 of Law 222
of 1995 and Decree 398 of 2020, or virtually, through
videoconference via the virtual tool of the Centralized Deposit of
Securities of Colombia – Deceval
S.A with the following access link:
https://asambleabonosecopetrol2013.azurewebsites.net/.
Issuance
|
Date of
placement
|
Expiration
Date
|
Term (Years)
|
Cupon
|
Amount Outstanding
(COP millions)
|
COC04CBVP007
|
27/08/2013
|
27/08/2028
|
15 años
|
IPC + 4.90%
|
$347,500
|
COC04CBVP007
|
27/08/2013
|
27/08/2043
|
30 años
|
IPC + 5.15%
|
$262,950
|
The 2013 bond issue denominated in pesos with variable IPC rate,
has the following characteristics:
The agenda for the meeting is expected to be as follows:
- Verification of quorum.
- Reading and approval of the agenda.
- Appointment of the President and Secretary of the Ecopetrol
Bondholders' Assembly.
- Election of the committee for the approval and signing of the
minutes of the Ecopetrol Bondholders' Assembly.
- Presentation of the report prepared by Ecopetrol S.A. as the
Issuer, regarding the modification of its corporate purpose.
- Reading of the opinion by 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.
- Consideration and decision by the Bondholders of the first
issuance under Ecopetrol S.A.'s issuance and placement program
(PEC) regarding the amendment of its corporate purpose.
For the bonds issued in 2010, Alianza Valores Fiduciaria S.A.
called bondholders to a meeting on May 29,
2024 at 10:00 a.m., to be
attended either in person at Bogotá D.C., Carrera 13 No. 36-24
floor 2, in accordance with the provisions of article 19 of Law 222
of 1995 and Decree 398 of 2020, or virtually, through the virtual
platform with the following access link:
https://asambleabonosecopetrol2010.azurewebsites.net/. The 2010
issue, Series A of bonds denominated in pesos with variable IPC
rate, has 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 is expected to be as
follows:
- Verification of the 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 numeral 4.3.3. of Chapter I of Title I of
Part III of the Basic Legal Circular.
- Presentation of the report prepared by Ecopetrol on the
Statutory Reform, approved by its General Assembly of Shareholders
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 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-tenedoresde-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.