BOGOTA, Colombia, Dec. 6, 2016 /PRNewswire/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC) reports today's results of the third auction
corresponding to Stage Two of the Program to Transfer and Award its
86,585,888 shares of Empresa de Energía de Bogotá S.A. E.S.P., the
results of which were as follows:
Auction equilibrium
price
|
$1,815
|
Number of shares
offered
|
86,585,888
|
Number of shares
awarded at the
equilibrium price
|
58,120,853
|
Total amount
awarded
|
$105,489,348,195
|
Execution
Date
|
December 12,
2016
|
Including these results, Ecopetrol has transferred 602,632,965
shares, having 28,465,035 shares remaining.
Ecopetrol S.A. also reports that on December 5, 2016 the Council of Ministers
approved a one (1) year extension of the mentioned program,
allowing Ecopetrol to transfer its remaining shares within a period
expiring on December 31, 2017.
The documentation concerning the offer (available only in
Spanish) can be found on Ecopetrol's website www.ecopetrol.com.co,
under the following link:
http://www.ecopetrol.com.co/wps/portal/es/ecopetrol-web/relacion-inversionistas/para-el-accionista/Enajenacion-Adjudicacion-acciones-EEB-segundaetapa
This announcement is not an offer of securities for sale in
the United States. Securities may
not be offered or sold in the United
States absent registration under the U.S. Securities Act of
1933, or an exemption from registration. No public offering of
securities has been or will be made in the United States and, accordingly, the
securities will not be registered under the U.S. Securities Act of
1933. This announcement is being issued pursuant to Rule 135e of
the U.S. Securities Act of 1933.
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 and Section 21E of the U.S. Securities
Exchange Act of 1934. 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 further information, please
contact:
Head of Corporate Finance and Investor Relations
María Catalina Escobar
Phone: (+571) 234 5190
E-mail: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio
Tellez
Phone: + 571-234-4329
e-mail: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.