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Gulf Keystone boss share transfer halted by divorce
THE chief executive of an Aim-listed oil and gas group has been blocked from transferring shares by complex divorce proceedings.
Gulf Keystone Petroleum said yesterday that 11.6m shares previously owned by its biggest shareholder, Gulf Keystone Petroleum Co. LLC, were transferred to Todd Kozel in May.
The statement says, however, that the shares are “owned by his brothers and father (‘Family’)” and that he is unable to transfer the shares to them “under the terms of his ongoing divorce proceedings”.
Kolzer had his assets frozen in April as part of a $100m divorce battle in the US with his wife of 18 years, Ashley.
Both his wife’s lawyers and the spokesperson for Gulf Keystone declined to comment.