BOGOTÁ, Colombia, March 28, 2020 /PRNewswire/ -- Ecopetrol S.A.
(BVC: ECOPETROL; NYSE: EC) informs that the ordinary General
Shareholders' Meeting, held on March 27,
2020, approved the earnings distribution proposal presented
for their consideration, which establishes the distribution
of an ordinary dividend per share of one hundred and eighty pesos (COP$ 180).
The dividend of the minority shareholders will be paid in a
single installment on April 23,
2020.
The dividend of the majority shareholder will be paid in two
installments: 14% of the dividend on April
23, 2020, and the payment of the remaining 86% of the
dividend to be disbursed in the second half of 2020.
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:
Juan Pablo Crane de Narváez
Head of Capital
Markets
Phone: (+571) 234 5190
E-mail: investors@ecopetrol.com.co
Jorge Mauricio Tellez
Media Relations (Colombia)
Phone: (+ 571) 234 4329
E-mail: mauricio.tellez@ecopetrol.com.co
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SOURCE Ecopetrol S.A.