Ecopetrol announces the implementation of measures designed to ensure the proper representation of Shareholders at the Extraordinary Meeting scheduled for September 15, 2026

Ecopetrol (NYSE: EC) announced governance measures for the Extraordinary Shareholders' Meeting scheduled for September 15, 2026, in line with Colombian financial regulation (Legal Basic Circular C.E.

Rhea-AI Summary

Ecopetrol (NYSE: EC) announced governance measures for the Extraordinary Shareholders' Meeting scheduled for September 15, 2026, in line with Colombian financial regulation (Legal Basic Circular C.E. 006 of 2025). The company will inform shareholders of their right to be represented by proxy and clarify the legal requirements for powers of attorney.

Ecopetrol will require that all proxies clearly name the representative and meet minimum legal standards, and will instruct staff not to suggest proxies, voting options, or proposals. Powers of attorney may not be granted to individuals directly or indirectly linked to Ecopetrol’s management or employees, and employees may only represent their own shares when acting in an official capacity, unless legally representing others. The Corporate Legal Vice Presidency and General Secretariat are designated to review and verify proxies.

Argus Aug 31 session 2 alerts

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Details

News Market Reaction – EC

$34.23B Market Cap

On Aug 31, the day this news came out, EC closed 1.00% above the previous close. Our momentum scanner recorded 2 alerts for this stock that day. Relative volume reached 1.8x the daily average during tracking.

Data tracked by StockTitan Argus for the Aug 31 session.

Key Figures

Extraordinary meeting date: September 15, 2026 Circular reference: C.E. 006 of 2025 Employees: More than 19,000 employees +2 more

Extraordinary meeting date

September 15, 2026

Extraordinary Shareholders' Meeting

Circular reference

C.E. 006 of 2025

Financial Superintendence of Colombia requirements

Employees

More than 19,000 employees

Company description

National hydrocarbon production

More than 60%

Ecopetrol's stated responsibility in Colombia

ISA stake

51.4%

Ecopetrol's shareholding in ISA

Historical Context

5 past events · Latest: Aug 27

5 events

1. Aug 27

   Senior management changes

   24h Move

   -0.3%

   Acting executives assumed five corporate vice president or director roles.

2. Aug 27

   Bondholder meeting reconvening

   24h Move

   -0.3%

   Second bondholder meetings followed failure to reach required first-call quorum.

3. Aug 18

   Bondholder meeting results

   24h Move

   +1.2%

   Neither issuance met required thresholds for approving the proposed merger.

4. Aug 18

   Brava acquisition completion

   24h Move

   +0.0%

   Ecopetrol completed acquisition of approximately 51% of Brava's voting share capital.

5. Aug 07

   Bondholder meeting convening

   24h Move

   +1.6%

   Bondholders were called to consider the Parque Solar Portón del Sol merger.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

powers of attorney, proxy, forward-looking statements, legal representation

4 terms

powers of attorney regulatory

"requirements applicable to the powers of attorney granted for such representation"

A power of attorney is a legal document that lets one person give another the authority to act on their behalf for specified tasks, such as handling bank accounts, signing contracts, or making medical decisions. For investors it matters because it determines who can buy, sell, or manage assets and make binding decisions during illness or absence—think of it as appointing a trusted agent to handle your financial and personal paperwork when you cannot. Keepers of these powers can affect ownership, voting, and access to funds.

proxy regulatory

"represented at the meeting by proxy"

A proxy is the authorization a shareholder gives to another person or document to cast votes on their behalf at a company meeting. Think of it like handing someone your voting ticket so they can represent your choices on board elections, executive pay, mergers and other big decisions; it matters because proxies determine who controls the company and which proposals pass, directly affecting share value and investor returns.

forward-looking statements regulatory

"statements that may be considered forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

legal representation regulatory

"except in cases of legal representation"

Legal representation is the act of a qualified lawyer or law firm acting on a company’s behalf to explain, defend, or advance its legal interests—like having an expert advocate and translator for complex rules and disputes. For investors, it matters because the quality and actions of legal representatives influence how regulatory inquiries, contracts, transactions, or lawsuits are handled, which can affect a company’s costs, reputation, and financial outlook.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOGOTÁ, Colombia, Aug. 31, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby announces that, in accordance with the requirements set forth in Part III, Title I, Chapter VI of the Legal Basic Circular issued by the Financial Superintendence of Colombia (C.E. 006 of 2025), the following measures will be adopted to ensure the proper representation of shareholders at the Extraordinary Shareholders' Meeting scheduled for September 15, 2026:

• Inform shareholders of their right to be represented at the meeting by proxy, and specify the legal requirements applicable to the powers of attorney granted for such representation.
• Instruct those responsible for verifying the powers of attorney submitted by shareholders that they must not accept any powers of attorney that fail to comply with the minimum legal requirements, and that no power of attorney may be accepted unless the name of the designated representative is clearly stated.
• Remind Ecopetrol's managers and employees that: (i) they must not suggest or determine the names of shareholders' proxies; (ii) they must not recommend that shareholders vote for any particular list; and (iii) they must not suggest, coordinate, or agree with shareholders on the submission of proposals at the Meeting, nor on voting for or against any proposal submitted at the Meeting.
• Prohibit the granting of powers of attorney to individuals who are directly or indirectly related to the management of Ecopetrol or are employees of Ecopetrol.
• Remind employees that, except in cases of legal representation, they may not, while acting in their official capacity, represent at the Meeting any shares other than those they personally own.
• Designate the Corporate Legal Vice Presidency and the General Secretariat as the areas responsible for reviewing and verifying the powers of attorney.

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla–Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

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, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. 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 more information, please contact:

Investor Relations Office
Email: investors@ecopetrol.com.co 

Corporate Communications (Colombia)
Email: _noticias@ecopetrol.com.co

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SOURCE Ecopetrol S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What measures has Ecopetrol (EC) announced for shareholder representation at the September 15, 2026 Extraordinary Meeting?

Ecopetrol has set stricter rules for shareholder proxies to ensure proper representation. According to Ecopetrol, it will clarify legal requirements, reject non-compliant powers of attorney, and assign formal review duties to its Corporate Legal Vice Presidency and General Secretariat.

When is Ecopetrol’s 2026 Extraordinary Shareholders' Meeting and what is its purpose for proxies (EC)?

The Ecopetrol Extraordinary Shareholders' Meeting is scheduled for September 15, 2026. According to Ecopetrol, the company is implementing detailed proxy rules so shareholders understand their representation rights and proxies comply with Colombian legal standards and internal governance policies.

What are the new requirements for Ecopetrol shareholders granting a proxy for the 2026 Extraordinary Meeting (EC)?

Shareholders must grant powers of attorney that meet minimum legal requirements and clearly name the representative. According to Ecopetrol, those verifying proxies must reject any that do not comply, ensuring only properly documented and identified representatives can act at the meeting.

Are Ecopetrol managers and employees allowed to recommend proxies or voting options for the 2026 Extraordinary Meeting (EC)?

Managers and employees are explicitly barred from suggesting proxy names or recommending voting choices. According to Ecopetrol, they also may not coordinate proposals or voting with shareholders, reinforcing independence and avoiding influence over shareholder decisions at the meeting.

Can Ecopetrol employees represent other shareholders’ votes at the 2026 Extraordinary Shareholders' Meeting (EC)?

Employees generally may not represent shares other than their own when acting in an official capacity. According to Ecopetrol, the only exception is when they have a legal representation role, limiting potential conflicts of interest in meeting deliberations and voting.

Who will review and verify shareholder powers of attorney for Ecopetrol’s September 15, 2026 meeting (EC)?

The Corporate Legal Vice Presidency and the General Secretariat will review and verify proxies. According to Ecopetrol, these areas are formally designated to ensure powers of attorney comply with legal requirements and the company’s governance rules before being accepted.

Are there restrictions on who can receive a proxy for Ecopetrol’s 2026 Extraordinary Meeting (EC)?

Yes, proxies cannot be granted to individuals directly or indirectly related to Ecopetrol’s management or employees. According to Ecopetrol, this prohibition aims to reduce conflicts of interest and preserve the independence of shareholder representation at the meeting.