BOGOTÁ, Colombia, March 23, 2018 /PRNewswire/ -- Ecopetrol S.A.
(BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces
that, at the General Shareholders' Meeting held on March 23, 2018, the Company's
Shareholders approved the following:
1. The plan for distribution of profits, which establishes a
distribution of an ordinary dividend per share of eighty-nine
Colombian pesos (COP$89).
The dividend for the minority shareholders will be paid in one
installment on April 19, 2018.
The dividend for the majority shareholder, the Colombian State,
will be paid in two equal installments on April 19 and September 17,
2018.
2. The appointment of its Board of Directors as follows:
Non Independent Representatives:
- Director of State Shareholdings from the Ministry of Finance
and Public Credit
- Claudia Isabel González Sánchez
Independent Representatives:
- Mauricio Cabrera Galvis
- Jaime Ardila Gómez
- Carlos Cure Cure
- Joaquín Moreno Uribe
- Jorge Londoño Saldarriaga
- Hernando Ramírez Plazas (postulated by the oil producing
departments in which Ecopetrol operates)
- Carlos Gustavo Cano Sanz
(postulated by ten (10) minority shareholders with major
shareholding)
3. The appointment of Ernst & Young Audit S.A.S
as the External Auditor for the fiscal year 2018 for the
Company.
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 Capital Markets
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.