[Federal Register Volume 63, Number 126 (Wednesday, July 1, 1998)]
[Notices]
[Page 36002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-17436]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (GST Telecommunications, Inc., Common Shares, Without
Par Value) File No. 1-12866
June 24, 1998.
GST Telecommunications, Inc. (``Company'') has filed an application
with the Securities and Exchange Commission (``Commssion''), 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:
The Board of Directors of the Company, at a meeting held on March 4
and 5, 1998, unanimously approved resolutions to withdraw the Security
from listing on the Amex and, instead, to list such Security on the
Nasdaq National Market (``Nasdaq''). The Board of Directors, after
lengthy deliberation, determined that, since all other
telecommunications companies in the Company's industry segment have
their shares listed for trading on Nasdaq, it would be in the best
interest of the Company and its shareholders to have the Security
listed on Nasdaq rather than the Amex.
The Company has complied with Amex Rule 18 by notifying the Amex of
its intention to withdraw its Security from listing by letter dated
March 27, 1998. The Amex replied by letter dated April 7, 1998,
advising it would not interpose any objection to such withdrawal. The
Amex suspended trading of the Security at the close of business on
Monday, April 13, 1998, and the Security commenced trading on Nasdaq on
Tuesday, April 14, 1998. The Company has filed an amended registration
statement on Form 8-A to register the Security under Section 12(g) of
the Act.
By reason of Section 12(g) of the Act and the rules and regulations
thereunder, the Company shall continue to be obligated to file reports
with the Commission under Section 13 of the Act.
Any interested person may, on or before July 16, 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. 98-17436 Filed 6-30-98; 8:45 am]
BILLING CODE 8010-01-M
