[Federal Register Volume 59, Number 118 (Tuesday, June 21, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14985]
[[Page Unknown]]
[Federal Register: June 21, 1994]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Advanced NMR Systems, Inc., Common Stock, $0.01 Par
Value) File No. 1-7694
June 14, 1994.
Advanced NMR Systems, 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 from listing and registration on the Pacific Stock Exchange,
Inc. (``PSE'').
The reasons alleged in the application for withdrawing this
security from listing and registration include the following:
According to the Exchange, the Board of Directors of the Company
(the ``Board''), pursuant to lawfully delegated authority, unanimously
approved resolutions on January 14, 1994 to withdraw the Company's
Common Stock from listing on the PSE and the Boston Stock Exchange,
Inc. (``BSE'') (a separate application for delisting was filed with the
Commission by the BSE on February 7, 1994). The decision of the Board
was based upon the belief that the listing of the Common Stock on the
PSE was no longer beneficial to the Company, as the Company and its
stockholders can achieve increased market visibility through
registration on the NASDAQ National Market System (``NMS''). At the end
of 1993, the Company met the NMS eligibility standards, and a listing
thereon was approved by NASDAQ by letter dated February 2, 1993, a copy
of which is attached to the application as Exhibit 1. The Board
believes that the Company will achieve greater investor access through
national trading of its shares, and will maintain access through the
NMS to many of the same West Coast-based investor markets that it
currently has as a result of its association with the PSE. It is
primarily due to this potential redundancy that the Company seeks to
delist its shares on the PSE.
Any interested person may, on or before July 6, 1994 submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street NW., Washington, DC 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. 94-14985 Filed 6-20-94; 8:45 am]
BILLING CODE 8010-01-M
