Ecopetrol Adopts Measures To Guarantee The Adequate Representation Of Shareholders At The 2013 General Shareholders' Meeting
February 25, 2013 at 09:31 AM EST
BOGOTA, Colombia, Feb. 25, 2013 /PRNewswire/ -- In accordance with Resolution 116 of 2002, the Board of Directors of Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; TSX: ECP) ("Ecopetrol" or the "Company") approved the following measures to guarantee the adequate representation of its shareholders at the 2013 General Shareholders' Meeting to be held on March 21, 2013 (the "Meeting"):
The measures listed above (adopted by the Board of Directors of Ecopetrol in order to ensure compliance with Resolution 116 of 2002) were made public to the general market by the Chairman of the Board of Directors (acting through the Superintendent for Issuers) prior to the Meeting.
Ecopetrol is Colombia's largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 50 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and is entering into the biofuels business.
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.
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SOURCE Ecopetrol S.A.