The main owner of KazakhGold sold 11.5%, free-float has grown to 39%

/REUTERS, London, July 21, 06/ - The main owner of the company KazakhGold Group Ltd, running in Kazakhstan, the family of Asaubaevs sold about 11.5% of issued shares of gold manufacturer at approximately $115.5 m. About 5.5 m. shares were sold as global depositary receipts (GDR) at $21 per one copy, as a result of which volume of shares, which is in free circulation, grew to 39%. Price of the company's GDR trades closing was $21.25 on Thursday. "We are happy with the fact that this selling was met by investors with excitedly ", - it is said in the confirmation of President of KazakhGold Kanat Asaubaev. "Incomes will be spent on accomplishing the passive portfolio investing in Kazakhstan and abroad. At that, the family will not invest in competing companies". KazakhGold, which offered 25% of shares in London in year 2005, is an establisher of the gold manufacturing company Kazakhaltyn, entering into three top companies of Kazakhstan. Last year the company informed that it owned the rights on working of approximately 27% of all gold stores in the country. [2006-07-21]