[Federal Register Volume 64, Number 206 (Tuesday, October 26, 1999)]
[Notices]
[Page 57669]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27883]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (Noble International, Ltd., Common Stock, No Par
Value per Share) File No. 1-13581
October 20, 1999.
Noble International, Ltd. (``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 12d-2(d) promulgated thereunder, to withdraw the security
specified above (``Old Common Stock'') from listing and registration on
the American Stock Exchange LLC (``Amex'' or ``Exchange'').
On January 26, 1999, the Company's Board of Directors approved a
resolution to withdraw the Old Common Stock from listing and
registration on the Amex in conjunction with a planned reincorporation
of the Company in Delaware and the commencement thereafter of trading
of the new Delaware Company's Common Stock, $.001 par value (``New
Common Stock''), on the National Market of the Nasdaq Stock Market,
Inc. (`'Nasdaq''). Such reincorporation became effective at the close
of business on July 6, 1999, and trading in the New Common Stock
commenced on the Nasdaq at the opening of business on July 7, 1999.
At the time of its initial public offering in November 1997, the
Company chose to list the Old Common Stock on the Amex only because the
Company did not at that time meet the Nasdaq's quantitative listing
criteria. As of December 31, 1998, however, the Company achieved the
revenue and asset goals necessary to meet these listing criteria and
shortly thereafter adopted the resolution described above.
In making the determination to have its New Common Stock quoted on
the Nasdaq, the Company has considered the differing trading structures
of the Nasdaq and the Exchange and has stated that it believes that the
variety of market participants available through the Nasdaq will
provide better shareholder value than the auction market of the
Exchange has done.
The Company has complied with the rules of the Amex by filing with
the Exchange a certified copy of the resolutions adopted by its Board
of Directors authorizing the withdrawal of the Old Common Stock from
listing on the Amex and by setting forth in detail to the Exchange the
reasons and supporting facts for such proposed withdrawal. The Amex has
in turn informed the Company that it would not interpose any objection
to the Company's application to withdraw its Old Common Stock from
listing and registration on the Exchange.
The Company's application relates solely to withdrawal of the Old
Common Stock from listing and registration on the Exchange and shall
not affect the New Common Stock's designation for quotation on the
Nasdaq. By reason of Section 12(g) of the Act and the rules and
regulations of the commission thereunder, the Company shall continue to
be obligated to file reports under Section 13 of the Act with the
Commission.
Any interested person may, on or before November 10, 1999, submit
by letter to the Secretary of the Securities and Exchange Commission,
450 Fifth Street, N.W., Washington, D.C. 20549-0609, 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. 99-27883 Filed 10-25-99; 8:45 am]
BILLING CODE 8010-01-M
