General Shareholders' Meeting Approves Bylaws Amendment

Rhea-AI Summary

Ecopetrol (NYSE: EC) announced that its extraordinary General Shareholders' Meeting held on November 11, 2025 approved an amendment to the company's bylaws.

The meeting approved the agenda, appointed Germán Ávila as chair, named the Elections and Voting Committee and the Committee for Review and Approval of the Minutes, and recorded voting results for each item. A multiple-choice vote on the bylaws amendment showed the majority shareholder's proposal received 91.14340268% versus Ecopetrol's proposal 0.03292055%. The company said it will publish a press release once the amendment is formalized and filed with the Colombian commercial registry; the approved text is available at the provided link.

Positive

• Bylaws amendment approved by shareholders on Nov 11, 2025
• Majority shareholder's proposal received 91.14340268% support

Negative

• Amendment not yet formalized or filed with the Colombian commercial registry
• 4.6064675% of votes selected neither proposal or abstained on the bylaws item

News Market Reaction

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1 alert

% News Effect

On the day this news was published, EC declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOGOTA, Colombia, Nov. 12, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Ecopetrol's shareholders approved the amendment to its bylaws during the extraordinary General Shareholders' Meeting held on November 11, 2025 at 8:35 a.m., which was duly convened in compliance with the applicable legal and statutory requirements, in accordance with Article 187, paragraph 1 of the Colombian Commercial Code, and addressed the remaining items on the agenda as reported by the Secretary of the meeting, as outlined below:

i.  Agenda Approval

The proposed agenda for the meeting was approved.

ii.  Appointment of the Chair of the General Shareholders' Meeting

Germán Ávila, Minister of Finance and Public Credit, was appointed as Chair of the Meeting.

iii.  Appointment of the Elections and Voting Committee of the General Shareholders' Meeting

The Elections and Voting Committee proposed by shareholder Rafael Andrés Mulett was [approved and] appointed.

iv.  Appointment of the Committee for Review and Approval of the Minutes of the General Shareholders' Meeting

The Committee for Review and Approval of the Minutes proposed by shareholder Edna Patricia Villamizar was [approved and] appointed.

v.  Consideration and approval of the amendment to Ecopetrol S.A.'s Bylaws

The amendment to the bylaws was approved and can be consulted at the following link:
https://files.ecopetrol.com.co/web/esp/251111-propuesta-aprobada-aga.pdf

Ecopetrol intends disclose that the amendment to the bylaws has been duly formalized and filed before the commercial registry in Colombia via a press release once such filing has been completed.

Voting results for each agenda item were as follows:

Item submitted for consideration	Positive vote	Negative vote	Blank vote	Abstention
Approval of the agenda	99.99990978 %	N/A	0.00001127 %	0.00007895 %
Appointment of the Chair	99.9999025 %	0.00001605 %	0.00000251 %	0.00007895 %
Appointment of the Elections and Voting Committee	99.96701307 %	N/A	0.00000251 %	0.03298443 %
Appointment of the Committee for Review and Approval of the Minutes	99.96700681 %	N/A	N/A	0.03299319 %

A multiple-choice vote was conducted considering that the majority shareholder submitted an alternative proposal to the one initially presented for consideration for the agenda item "Consideration and approval of the amendment to Ecopetrol S.A.'s Bylaws," with the following results:

Item submitted for consideration	Majority shareholder's proposal	Ecopetrol's proposal	None of the two proposals	Abstention	Blank vote
Consideration and approval of the amendment to Ecopetrol S.A.'s Bylaws	91.14340268 %	0.03292055 %	4.6064675 %	4.21016794 %	0.00704133 %

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, 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.

For more information, please contact:

Head of Capital Markets
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co

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

 

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SOURCE Ecopetrol S.A.

FAQ

What did Ecopetrol (EC) shareholders approve on November 11, 2025?

Shareholders approved an amendment to Ecopetrol's bylaws during the extraordinary meeting.

How did the vote split between proposals for Ecopetrol's bylaws amendment (EC)?

The majority shareholder's proposal received 91.14340268%, while Ecopetrol's proposal received 0.03292055%.

When will the Ecopetrol bylaws amendment become effective for EC shareholders?

Ecopetrol said the amendment will be formalized and filed with the Colombian commercial registry, and a press release will be issued once filing is completed.

Who chaired Ecopetrol's General Shareholders' Meeting on Nov 11, 2025?

Germán Ávila, Minister of Finance and Public Credit, was appointed chair of the meeting.

Where can investors read the approved bylaws amendment for Ecopetrol (EC)?

The approved amendment is available at the link provided by the company: https://files.ecopetrol.com.co/web/esp/251111-propuesta-aprobada-aga.pdf.

What were the recorded voting results for the meeting agenda items for Ecopetrol (EC)?

Voting tallies were published for each item, with agenda approval and committee appointments receiving over 99.96% positive votes.