[Federal Register Volume 63, Number 234 (Monday, December 7, 1998)]
[Notices]
[Page 67496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-32380]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Unity Bancorp, Inc., Common Stock, No Par Value)
File No. 1-12431
December 1, 1998.
Unity Bancorp, 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'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
On August 20, 1998, the Board of Directors of the Company
unanimously approved a resolution to withdraw the Company's Security
from trading on the Exchange and to list the Security on the Nasdaq. In
making the decision to withdraw its Security from listing on the
Exchange, the Company considered the direct and indirect costs and
benefits involved and determined that trading on the Nasdaq better
suited its needs. Trading in the Company's Security on the Nasdaq
commenced at the opening of business on September 21, 1998.
The Company has complied with Rule 18 of the Amex by notifying Amex
of its intention to withdraw its Security from listing on the Exchange
by letter dated August 24, 1998, and by filing a copy of the resolution
with the Exchange. The Exchange replied by letter dated August 26,
1998, advising that the Exchange would not interpose any objection to
such action, nor require the Company to send common stockholders any
statement with respect thereto.
The Company also originally intended to delist its Common Stock
Purchase Warrants (``Warrants'') from Amex and to list the Warrants on
Nasdaq. The Warrants, however, did not meet the Nasdaq's float
requirement and the Company elected to keep the Warrants on the Amex.
By letter dated September 14, 1998, the Amex consented to this
procedure.
Any interested person may, on or before December 22, 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. 98-32380 Filed 12-4-98; 8:45 am]
BILLING CODE 8010-01-M
