EC News & Events

Ecopetrol announces that its Board of Directors authorized the postponement of the start date of the unpaid leave granted to the Company's CEO Ricardo Roa Barragan, which had been disclosed on April 6. This decision was made considering a duly reported medical leave notified on May 26, for a period of 30 calendar days. The unpaid leave, which was originally scheduled to begin on May 28 for a period of 30 calendar days, will now commence upon completion of the medical leave and the remaining vacation period, that is, on June 27, and will extend for 30 calendar days from that date. Accordingly, the Board of Directors decided to maintain the appointment of Juan Carlos Hurtado Parra, First Alternate to the CEO, as acting CEO.

Ecopetrol announces that its Brazilian subsidiary, Ecopetrol Investimentos do Brasil LTDA, after obtaining approval from B3, launched a voluntary Tender Offer on Brazil's B3 stock exchange at a price of R$23.00 per share to acquire 116,110,717 common shares of Brava Energia S.A., representing approximately 25% of its issued and outstanding shares. This offer price represents a premium of approximately 20.9% over the company's 90-day VWAP prior to the date of this announcement. This TO forms part of the transaction announced on April 23, which, subject to the Share Purchase Agreement and the satisfaction of applicable conditions precedent, would result in Ecopetrol acquiring a controlling voting interest of 51% in the company. The TO will remain open until June 25, date on which the auction will take place. The transaction is subject to applicable regulatory approvals and applicable conditions precedent, all of which are disclosed in the document published today on B3 in Brazil.