[Federal Register Volume 64, Number 121 (Thursday, June 24, 1999)]
[Notices]
[Page 33937]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16041]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw from Listing
and Registration; (Premier Capital Trust I, Cumulative Trust Preferred
Securities) File No. 1-12625-02
June 18, 1999.
Premier Capital Trust I (``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 LLC (``Amex'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration include the following:
The Security of the Company has been listed for trading on the Amex
and, pursuant to a Registration Statement on Form 8-A which became
effective on May 28, 1999, on the New York Stock Exchange, Inc.
(``NYSE''). Trading of the Company's Security on the NYSE commenced at
the opening of business on June 1, 1999.
The Company has complied with Rule 18 of the Amex by filing with
the Exchange a certified copy of premables and resolutions adopted by
the Company's Board of Directors authorizing the withdrawal of its
Security from listing on the Amex and by setting forth in detail to the
Exchange the reasons for the proposed withdrawal, and the facts in
support thereof. In making the determination to withdraw the Security
from listing on the Amex in conjunction with its being admitted to
trading on the NYSE, the Company sought to provide its Security with
enhanced market exposure and institutional support it would receive
from listing on the NYSE, as well as to avoid the direct and indirect
costs which would have resulted from the simultaneous listing of the
Security on both the Amex and the NYSE. The Amex has informed the
Company that it has no objection to the withdrawal of the Company's
Security from listing on the Exchange.
The Company's application relates solely to the withdrawal from
listing of the Company's Security from the Amex and shall have no
effect upon the continued listing of the Security on the NYSE. By
reason of Section 12(b) 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 and the
NYSE.
Any interested person may, on or before July 8, 1999, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW, Washington, DC 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. 99-16041 Filed 6-23-99; 8:45 am]
BILLING CODE 8010-01-M
