[Federal Register Volume 63, Number 14 (Thursday, January 22, 1998)]
[Notices]
[Pages 3362-3363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1490]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Hawaiian Electric Industries, Inc., Common Stock,
Without Par Value) File No. 1-8503
January 15, 1998.
Hawaiian Electric Industries, Inc. (``Company'') has filed an
application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Security of the Company currently is listed for trading on both
the PCX and the New York Stock Exchange, Inc. (``NYSE''). The Company
has complied with the rules of the PCX for delisting its Security by
filing with the Exchange a request for delisting, together with a
certified copy of the board resolution authorizing the delisting from
the PCX, and by setting forth in detail to the Exchange the reasons and
facts supporting the proposed withdrawal.
[[Page 3363]]
In making the decision to withdraw its Security from listing on the
PCX, the Company considered the expense of maintaining the dual-listing
of its Security on the PCX and the NYSE. The Company does not see any
particular advantage in the dual-listing of its Security, since trading
in the Security on the PCX has come to represent a very small portion
of the Company's total trading volume.
By letter dated December 5, 1997, the PCX informed the Company that
it had no objection to the withdrawal of the Company's Security from
listing on the PCX.
By reason of Section 12(b) of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports under Section 13
of the Act with the Commission and the NYSE.
Any interested person may, on or before February 5, 1998, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
Exchange and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-1490 Filed 1-20-98; 8:45 am]
BILLING CODE 8010-01-M
