Press releases


August 2011

Decisions of Empresa de Energía de Bogotá General Shareholders Meeting

Bogotá, Colombia, 12 August 2011

Bogotá, 11 August 2011. Empresa de Energía de Bogotá S.A. ESP, General Shareholders Meeting held last 9 August, approved the issuance and placement of company's ordinary shares, for an amount of up to COP1billion.  The ordinary character of the shares means that the new shares will be equal to those outstanding in the Colombian security's market. The Shareholders Meeting decision included ordering the Board to prepare regulations to issue and place shares.  The latter will include the way they will be awarded, setting the price as well as all applicable legal requirements.

Dates and amounts published in communication media correspond to third party estimates that do not reflect the company's position.  Likewise, it is not true information referring to an alleged sale of shares in the NYSE, nor investments of the company in this market.
Once the Board has prepared the regulations, the following step is to obtain the respective approvals from the Financial Superintendence, that at the same time will establish the period so that Empresa de Energía de Bogotá sets the issuance date.

Resources from the issuance and placement of shares will be used to finance expansion projects the company is undertaken and valued in US$956 million. Thus, it will continue moving forward with this purpose of consolidated its Corporate Strategic Plan, which it has put in place in the past years and which has allowed the company to become a sound economic corporation due to its strength, growth and capacity to generate dividends.