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61 FR (10/23/1996) » 96-27096. Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (Reliv' International, Inc., Common Stock, No Par Value) File No. 1-11768
96-27096. Issuer Delisting; Notice of Application To Withdraw From Listing and Registration; (Reliv' International, Inc., Common Stock, No Par Value) File No. 1-11768
[Federal Register Volume 61, Number 206 (Wednesday, October 23, 1996)]
[Notices]
[Page 55057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27096]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Reliv' International, Inc., Common Stock, No Par
Value) File No. 1-11768
October 17, 1996.
Reliv' International, 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 American
Stock Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, its Board of Directors unanimously
approved resolutions on July 17, 1996 to withdraw the Security from
listing on the Amex and instead, to list the Security on the Nasdaq
National Market System ``Nasdaq/NMS''.
The decision of the Board followed a thorough study of the matter
and was based upon the belief that listing the Security on the Nasdaq/
NMS will be more beneficial to the Company's stockholders than the
present listing on the Amex because:
(1) The Nasdaq system of competing market makers should result in
increased visibility and sponsorship for the Security of the Company as
compared to the case under the single specialist system on the Amex;
(2) Greater liquidity and less volatility in prices per share when
trading volume is light might be expected as a result of listing on
NASDAQ as compared to the Amex;
(3) Listing on the NASDAQ system might be expected to result in
there being a greater number of market makers in the Security of the
Company and expanded capital base available for trading in such stock;
and
(4) Because it might be expected that a larger number of firms will
make a market in the Security, it might also be expected that there
will be a greater interest in information and research reports
respecting the Company and as a result there may be an increase in the
number of institutional research and advisory reports reaching the
investment community with respect to the Company.
Any interested person may, on or before November 7, 1996 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
exchanges 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. 96-27096 Filed 10-22-96; 8:45 am]
BILLING CODE 8010-01-M
Document Information
- Published:
- 10/23/1996
- Department:
- Securities and Exchange Commission
- Entry Type:
- Notice
- Document Number:
- 96-27096
- Pages:
- 55057-55057 (1 pages)
- PDF File:
-
96-27096.pdf