Ecopetrol publishes measures aimed at ensuring the adequate representation of Shareholders at the Annual General Meeting to be held on March 27th, 2026

Ecopetrol (NYSE: EC) announced governance measures ahead of the Annual General Meeting on March 27, 2026 to ensure adequate shareholder representation.

Rhea-AI Summary

Ecopetrol (NYSE: EC) announced governance measures ahead of the Annual General Meeting on March 27, 2026 to ensure adequate shareholder representation. Measures clarify proxy requirements, prohibit powers of attorney for persons linked to management, and assign the Corporate Legal Vice Presidency and General Secretariat to verify proxies.

The company also reminds managers and employees not to suggest appointees, recommend board slates, or coordinate proposals or voting, and limits employee representation to their own shares except for legal representatives.

Positive

• Clear proxy requirements set for the March 27, 2026 meeting
• Corporate Legal Vice Presidency assigned to verify proxy compliance

Negative

• Prohibition on proxies linked to management may reduce available representatives
• Employees restricted from representing others except in legal representation

Argus Feb 20 session

-0.64% close to close Open Argus

Details

News Market Reaction – EC

In the Feb 20 session, EC declined 0.64%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details measures to ensure adequate shareholder representation at the March 27, 20...

Analysis

This announcement details measures to ensure adequate shareholder representation at the March 27, 2026 Annual General Meeting, complementing recent communications on meeting agendas and board elections. It reinforces Ecopetrol’s governance framework without introducing new financial metrics. In context of a share price near $12.58, above its $9.61 200-day MA and within 5.2% of its $13.27 52-week high, investors may focus next on upcoming earnings and any further regulatory or tax developments.

Key Figures

Employees: more than 19,000 Hydrocarbon production share: more than 60% ISA stake: 51.4% +5 more

Employees

more than 19,000

Company workforce size described in the release

Hydrocarbon production share

more than 60%

Share of Colombia’s hydrocarbon production

ISA stake

51.4%

Ownership of ISA’s shares after acquisition

AGM date

March 27, 2026

Scheduled date for the Annual General Meeting

Legal circular

C.E. 006 of 2025

Colombian Financial Superintendence circular guiding proxy rules

Share price

$12.58

Price before this news was published

52-week high

$13.27

Upper end of 52-week trading range pre-news

52-week low

$7.795

Lower end of 52-week trading range pre-news

Historical Context

5 past events · Latest: Feb 19

5 events

1. Feb 19

   AGM convocation

   24h Move

   +4.3%

   Call for March 27, 2026 General Shareholders’ Meeting with defined agenda.

2. Feb 18

   Earnings schedule

   24h Move

   +0.9%

   Announcement of Q4 and full-year 2025 results and conference call dates.

3. Feb 05

   Board election

   24h Move

   +4.3%

   Extraordinary Meeting approved agenda and elected Board for 2025–2029 term.

4. Jan 30

   Governance report

   24h Move

   -2.1%

   Submission of 2025 Corporate Governance Best Practices report – Código País.

5. Jan 30

   Board nomination

   24h Move

   -1.6%

   Minority shareholders nominated a candidate for the ninth Board director seat.

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

Key Terms

proxy, powers of attorney, board of directors, forward-looking statements

4 terms

proxy financial

"Inform shareholders of their right to be represented by proxy and set out the legal..."

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.

powers of attorney regulatory

"and that no powers of attorney will be accepted where the name of the respective..."

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.

board of directors financial

"they must not recommend that shareholders vote for a specific candidate list for the board of directors;"

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

forward-looking statements regulatory

"This release contains statements that may be considered forward-looking statements within..."

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.

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

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BOGOTA, Colombia, Feb. 19, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that to comply with the provisions of Part III, Title I, Chapter VI of the Legal Basic Circular issued by the Financial Superintendence of Colombia (C.E. 006 of 2025), the Company expects to implement the following measures at the Extraordinary Shareholders' Meeting planned to be held on March 27, 2026. The purpose of these measures is to ensure the adequate representation of shareholders in such meeting:

• Inform shareholders of their right to be represented by proxy and set out the legal requirements of the proxies to be granted for such purpose.
• Instruct those designated to verify the shareholders' proxy assignments that they may not accept a those proxies that fail to meet the minimum requirements established by law, and that no powers of attorney will be accepted where the name of the respective appointed representative is not clearly stated.
• Remind Ecopetrol's managers and employees that: (i) they must not suggest or determine the names of appointees in shareholders' proxies; (ii) they must not recommend that shareholders vote for a specific candidate list for the board of directors; and (iii) they must not suggest or coordinate, with shareholders on the submission of proposals at the meeting, or on voting in favor of or against any proposal submitted at the meeting.
• Prohibit granting powers of attorney to individuals directly or indirectly connected to the management or to employees of Ecopetrol.
• Remind employees that, except in cases of legal representation, they may not, while serving in their roles, represent at the meeting any shares other than their own.
• Designate the Corporate Legal Vice Presidency and General Secretariat as the area responsible for reviewing and verifying that proxies meet the above-described requirements.

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  

Head of Corporate Communications (Colombia) 
Marcela Ulloa 
Email: marcela.ulloa@ecopetrol.com.co 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-publishes-measures-aimed-at-ensuring-the-adequate-representation-of-shareholders-at-the-annual-general-meeting-to-be-held-on-march-27th-2026-302693274.html

SOURCE Ecopetrol S.A.

FAQ

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

What proxy rules did Ecopetrol (EC) publish for the March 27, 2026 AGM?

Ecopetrol published specific proxy requirements and verification steps for the March 27, 2026 AGM. According to the company, proxies must meet legal minimums and include the appointed representative's name, or they will be rejected by the verifier.

Will Ecopetrol (EC) accept powers of attorney linked to management at the March 27, 2026 meeting?

No — Ecopetrol prohibits powers of attorney granted to persons linked to management for the March 27, 2026 meeting. According to the company, this measure aims to avoid conflicts and ensure independent shareholder representation.

Who will verify shareholder proxies for Ecopetrol (EC) ahead of the March 27, 2026 AGM?

The Corporate Legal Vice Presidency and General Secretariat will review and verify proxies for the March 27, 2026 AGM. According to the company, these areas are responsible for confirming proxies meet the stated legal requirements.

Can Ecopetrol (EC) employees represent other shareholders at the March 27, 2026 meeting?

Except for legal representatives, employees may not represent shares other than their own at the March 27, 2026 meeting. According to the company, this restriction applies while employees serve in their roles.

What conduct is restricted for Ecopetrol (EC) managers regarding shareholder proxies for March 27, 2026?

Managers must not suggest appointees, recommend board slates, or coordinate proposals or voting for the March 27, 2026 meeting. According to the company, these reminders are to preserve impartiality and protect shareholder decision-making.