BOGOTA, Colombia, March 26, 2015 /CNW/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC; TSX: ECP) announces that the General
Shareholders' Meeting, held today March
26th, 2015, approved an ordinary dividend of one
hundred and thirty-three Colombian pesos (COP$133) per share.
The General Shareholders' Meeting approved a lump sum payment of
the total dividend to minority shareholders which will be paid
beginning on June 22, 2015.
The dividend payable to the Colombia Nation will be paid as
follows:
Dividends to the
Nation
|
Installments
|
Payment
date
|
COP$
|
1
|
October 23,
2015
|
1,383,000,000,000.00
|
2
|
November 20,
2015
|
1,383,000,000,000.00
|
3
|
December 15,
2015
|
1,383,000,000,000.00
|
4
|
Between December 21,
2015 and March 11, 2016
|
690,176,646,687.00
|
Total
|
|
4,839,176,646,687.00
|
Pursuant to the current Colombian regulation, the dividend will
be paid to shareholders who are registered as holders of Company
shares as of five trading days before the date of the payment.
Ecopetrol is the largest company in Colombia and is an integrated oil & gas
company; it is among the top 50 oil companies in the world and
among the top four in Latin
America. Besides Colombia -
where it generates over 60% of the national production - it has
exploration and production activities in Brazil, Peru
& the US (Gulf of Mexico).
Ecopetrol owns the largest refinery in Colombia and most of the pipeline and
multi-product pipeline network in the country, and is significantly
increasing its participation in bio-fuels.
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:
Investor Relations Director (A)
Claudia Trujillo
Phone: +571-234-5190
E-mail: investors@ecopetrol.com.co
Media Relations (Colombia)
Jorge Mauricio
Tellez
Phone: +571-234-4329
Fax: +571-234-4480
e-mail: mauricio.tellez@ecopetrol.com.co
Logo - http://photos.prnewswire.com/prnh/20090209/ARM001LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/general-shareholders-meeting-approves-a-dividend-of-70-on-the-net-income-of-2014-300056913.html
SOURCE Ecopetrol S.A.