[Federal Register Volume 62, Number 62 (Tuesday, April 1, 1997)]
[Notices]
[Page 15548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8224]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (ICG Communications, Inc., Common Stock, $.01 Par
Value) File No. 1-11965
March 26, 1997.
ICG Communications, 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, the Board of Directors (the ``Board'')
unanimously approved a resolution on February 11, 1997, to withdraw the
Security from listing on the Amex and, instead, to list such Security
on the Nasdaq National Market (``Nasdaq''). The decision of the Board
was based upon the belief that listing the Security on Nasdaq will be
more beneficial to its stockholders than the present listing on Amex
because the Company has increasingly become aware of a reluctance by a
seemingly growing number of trading firms to trade or market securities
listed on Amex. The Company believes this reluctance has been a factor
contributing to the very thin trading volume in the Company's stock.
Furthermore, the Company also believes such reluctance to trade has, in
turn, contributed to an unwillingness to do research on the Company. As
a combined result, investors and prospective investors have not been as
well served as the Company believes they are more likely to be on
Nasdaq.
Any interested person may, on or before April 16, 1997, 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. 97-8224 Filed 3-31-97; 8:45 am]
BILLING CODE 8010-01-M
