EC Ecopetrol SA

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July, 2015

Commission File Number 001-34175

 

ECOPETROL S.A.

(Exact name of registrant as specified in its charter)

N.A.

(Translation of registrant’s name into English)

COLOMBIA

(Jurisdiction of incorporation or organization)

Carrera 13 No. 36 – 24

BOGOTA D.C. – COLOMBIA

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

 

Yes ¨ No x

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

 

Yes ¨ No x

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨ No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

 

 

Modification in Ecopetrol S.A.’s Capital Stock Structure

 

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) hereby informs that, following the approval of an amendment to Ecopetrol’s bylaws at the Shareholders’ Assembly held on March 26^th, 2015, which increased the par value per share of Ecopetrol’s shares from COL$250 to COL$609, Ecopetrol’s new registered capital stock and outstanding shares are as follows:

  

	Prior Capital Stock Structure	2015 Capitalization	New Capital Stock Structure
Authorized Capital (COL$)	15,000,000,000,000.00	21,540,000,000,000.00	36,540,000,000,000.00
Unsubscribed Capital (COL$)	(4,720,825,385,951.00)	(6,779,105,254,226.00)	(11,499,932,933,671.00)
Diluted Capital (COL$)	-	(2,293,494.00)	-
Subscribed and Paid-in Capital (COL$)	10,279,174,614,049.00	14,760,892,452,280.00	25,040,067,066,329.00
Par Value per Share (COL$)	250.00	359.00	609.00
Total Outstanding Shares	41,116,698,456	-	41,116,694,690 (1)

(1)

3,766 shares representing those shareholders who voted against the amendment proposal were cancelled on July 13, 2015 as required under the Colombian law. Those shareholders received compensation in the amount of COL$609 per share.

 

 

Bogota, Colombia, July 22, 2015

 

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Ecopetrol is the largest company in Colombia and is an integrated oil and gas company; it is among the top 40 oil companies in the world and among the top four oil companies in Latin America. Besides Colombia – where it generates over 60% of the national production – it has exploration and production activities in Brazil, Peru, and the US (Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia, 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 and gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, Ecopetrol’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 Hoyos

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

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Ecopetrol S.A.
	By:	/s/ Magda Manosalva
		Name:	Magda Manosalva
		Title:	Chief Financial Officer

 

Date: July 23, 2015