(Ecopetrol, 10.May.2024) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that, in light of the statutory reform approved by its Shareholders’ during their ordinary meeting held on 22 Mar. 2024, its local bondholders are summoned to consider said reform, in compliance with Colombian regulations applicable to securities issuers, particularly Article 6.4.1.1.42 of Decree 2555 of 2010.
For this purpose, Itaú Fiduciaria Colombia S.A. and Alianza Valores Fiduciaria S.A., entities acting as representatives of the holders of the local bonds issued by Ecopetrol, at the Company’s request and in accordance with Article 6.4.1.1.18 of Decree 2555 of 2010, have notified bondholders of the date for the General Meeting of Holders for bonds issued in 2010 and 2013, through an announcement published in La República newspaper, as follows:
For bonds issued in 2013, Itaú Fiduciaria Colombia S.A. called bondholders to a meeting on 20 May at 08:00 a.m., to be attended either in person at Bogotá D.C. Carrera 13 No. 36-24, 2nd floor, in accordance with Article 19 of Law 222 of 1995 and Decree 398 of 2020, or virtually via the virtual tool of the Centralized Securities Depository of Colombia – Deceval S.A., accessible through the following link: https://asambleabonosecopetrol2013.azurewebsites.net/. Bonds issued in 2013, denominated in pesos with variable IPC interest rate, have the following characteristics:
| Issuance | Date of placement | Expiration Date | Term (Years) | Cupon | Amount Outstanding (COP millions) |
| COC04CBVP007 | 27/aug/2013 | 27/aug/2028 | 15 years | IPC + 4.90% | $347,500 |
| COC04CBVP007 | 27/aug/2013 | 27/aug/2043 | 30 years | IPC + 5.15% | $262,950 |
The agenda for the meeting will be as follows:
- Verification of quorum.
- Reading and approval of the agenda.
- Appointment of the individuals who will act as chairman and secretary of the meeting.
- Election of the committee for the approval and signing of the minutes of the meeting.
- Presentation of the report prepared by Ecopetrol S.A. as issuer, regarding the amendment of its corporate purpose.
- Reading of the opinion from the credit rating agency Fitch Ratings Colombia S.A.
- Presentation of the report prepared by Itaú Fiduciaria as the legal representative of the Ecopetrol bondholders.
For the bonds issued in 2010, Alianza Valores Fiduciaria S.A. called bondholders to a meeting on May 20, 2024 at 10:00 a.m., to be attended either in person at Bogotá D.C., Carrera 13 No. 36-24 2nd floor, in accordance with the provisions of Article 19 of Law 222 of 1995 and Decree 398 of 2020, or virtually via the virtual tool of the Centralized Securities Deposit of Colombia – Deceval S.A. with the following access link: https://asambleabonosecopetrol2010.azurewebsites.net/. Bonds issued in 2010, Series A, denominated in pesos with variable rate IPC, have the following characteristics:
| Issuance | Date of placement | Expiration Date | Term (Years) | Cupon | Amount Outstanding (COP millions) |
| COC04CBVP023 | 01/dec/2010 | 01/dec/2040 | 30 years | IPC + 4.90% | $284,300 |
The Agenda for the meeting shall be as follows:
- Verification of quorum.
- Reading and approval of the agenda.
- Delegation of legal representation from bondholders to the individuals who will act as chairman and secretary of the meeting in accordance with section 4.3.3. of Chapter I, Title I, Part III of the Basic Legal Circular.
- Presentation of the report prepared by Ecopetrol on the Statutory Reform, approved by Shareholders during their ordinary meeting held on 22 Mar.
- Presentation of the report prepared by Alianza Fiduciaria S.A. in its capacity as Legal Representative of Holders of Internal Public Debt Bonds issued in 2010.
- Reading of the opinion issued by the risk rating agency Fitch Ratings.
- Voting and decision of the bondholders on the Statutory Reform.
- Appointment of the committee to approve the minutes of the meeting.
For more information on the general conditions to attend the bondholders’ meetings, please visit the following link.
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