BOGOTA, Colombia, June 2, 2016 /CNW/ -- Ecopetrol S.A. (BVC:
ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") reports that on
June 1, 2016, through the X-STREAM
trading system of the Colombian Stock Exchange (Bolsa de Valores
de Colombia S.A.), the second auction was held for the second
stage of the program to divest and sell 278,225,586 of Ecopetrol's
shares of the company Empresa de Energía de Bogotá S.A. E.S.P.
(EEB). The results were as follows:
Auction closing
price
|
COP $1,815
|
Number of shares
offered
|
278,225,586
|
Number of shares
awarded at closing price
|
191,639,698
|
Total amount
awarded
|
COP $
347,826,051,870
|
Settlement
date
|
June 7,
2016
|
The equity divestment plan was approved by the National
Government of Colombia through
Decree 2305 of 2014. As all of the shares offered in the second
auction were purchased, Ecopetrol has the option of holding up to
two additional auctions for the remaining number of shares,
86,585,888, in the time and manner indicated in the offering
notice.
Documentation about the offering (available only in Spanish) can
be consulted on Ecopetrol's website, www.ecopetrol.com.co, at:
http://www.ecopetrol.com.co/wps/portal/es/ecopetrol-web/relacion-inversionistas/para-el-accionista/Enajenacion-Adjudicacion-acciones-EEB-segundaetapa
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 four top ones 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:
Head of Corporate Finance and Investor Relations (A)
Lina María Contreras Mora
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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visit:http://www.prnewswire.com/news-releases/results-of-the-second-auction-for-ecopetrols-equity-divestment-plan-for-its-shares-in-empresa-de-energia-de-bogota-eeb-300278831.html
SOURCE Ecopetrol S.A.