Appetite for shares of Ecopetrol would generate a demand for 1.5... - Cartagena|The Universal

Lizeth Nataly Olarte m | BOGOTÁ COLPRENSA | Published 27 July 2011
Thus, any Colombian can buy titles from a minimum amount of $1.850.000, equivalent to 500 shares, with an initial fee of $370,000.Initially you must fill out the electronic form will be available on the website of Ecopetrol. At the end of it, it will give you a code that must be preserved throughout the process.
Purchases can be made in entities banking Davivienda and Bancolombia or any of the 24 companies stock brokers, where 20% of the total of your investment must cancel. There are two forms of payment: A spot, that allows you to get a discount of 2.5% on their purchase and pay the first installment. For the payment of contributions, payment must be cancelled in six monthly and consecutive installments.
Once received valid acceptances, within 49 days schedule will begin the process for the award of the actions carried out by the Colombia securities stock exchange (BVC). According to danny benjumea, advisers in securities analyst, Liberation actions will depend on the order form.  "If it is in the run, freed themselves chronologically according to the number of shares paid;" "if it is to spot there to take into account the deadline for the award," said.
MANY OFFERS
For many analysts, it is clear that there will be a noticeable from the action, although it would not be very high. "With an issuance of $2.5 billion, the increases may be close to 1.52 times, since the amount of input, is very high", said Carolina Ramírez, Global Securities analyst.  However, as explained by the analyst of stock exchange & rentals, Mauritius Restrepo, "notice of offer does not mention even how much could increase, but the limit which is the company to issue is 9.9%".
Thus, if the total number of shares awarded is greater than the available, slashing action each one, starting with one who has been awarded the highest number of shares and investors following in that descending order until awarded actions match the available actions.
THE PROCESS OF AWARDING IT WILL BE IN THREE LAYERS
As stipulated by the company, in the first layer will be investors who requested an amount less than or equal to 50 minimum amounts. In the second, those who applied for one amount greater than 50 minimum amounts. In the third, will be awarded pro rata to those who have been sued in one or more forms more than 50 times the minimum amount. The process will begin August 18. As remember Benjumea of advisers in securities "forms received amounting to $7.12 billion in the first round, and were awarded $5,72 trillion".