[Federal Register Volume 62, Number 136 (Wednesday, July 16, 1997)]
[Notices]
[Pages 38148-38149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18693]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Ponder Industries, Inc., Common Stock, $.01 Par
Value) File No. 1-10685
July 10, 1997.
Ponder Industries, 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 Boston
Stock Exchange, Inc. (``BSE'' or ``Exchange'').
The reasons cited in the application for withdrawing the Security
from listing and registration on the BSE include the following:
The Company's Security has been traded on the NASDAQ SmallCap
Market since January 29, 1996.
The Company has elected to delist from the BSE because, to the
Company's knowledge, no trades of the Security have been made on the
BSE in the past year. In addition, the Company has determined to delist
rather than to file an application for the listing of additional shares
as was required by the BSE by the close of trading on June 20, 1997.
The Company believes it cannot justify the economic expense of
[[Page 38149]]
maintaining dual listings on both the NASDAQ SmallCap and the BSE.
The Exchange has informed the Company by letter dated June 24,
1997, that it has no objection to the withdrawal of the Security from
listing on the BSE.
Any interested person may, on or before July 31, 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. 97-18693 Filed 7-15-97; 8:45 am]
BILLING CODE 8010-01-M
