BOGOTA, Colombia, Oct. 19, 2017 /PRNewswire/ -- Ecopetrol S.A.
(BVC: ECOPETROL; NYSE: EC) reports that as of today it has
terminated the program for the disposal of Ecopetrol's shareholder
interest in the EEB, which was approved by the national government
under Decree 2305 of November 13,
2014 and Decree 2110 of 2016, which extended its validity to
December 31, 2017.
Under Article 3, Number 2 of Decree 2305 of 2014, the two-stage
program, which initially offered 631,098,000 common shares of EEB,
equivalent to 6.87% of its share capital, was terminated after
executing the last sell order in the second stage. This was
completed in the cash round administered by the Colombian
Securities Exchange (BVC), in which Ecopetrol's entire EEB
shareholder interest was disposed of at market price.
The results of the placement through the BVC cash round were as
follows:
Number of shares
offered
|
28,465,035
|
Number of shares
placed
|
28,465,035
|
Total amount
awarded
|
$
56,930,070,000
|
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 contact:
Capital Markets Manager (A)
Fernando Suarez Tello
Telephone: +571-234-5190
Email: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio Tellez
Telephone: + 571-234-4329
Email: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.