[Federal Register Volume 63, Number 144 (Tuesday, July 28, 1998)]
[Notices]
[Page 40327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-20052]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Smart Choice Automotive Group, Inc., Common Stock,
$.01 Par Value; Redeemable Warrants) File No. 1-14082
July 21, 1998.
Smart Choice Automotive Group, 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 securities (``Securities'') from listing
and registration on the Boston Stock Exchange, Inc. (``BSE'' or
``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Company's Securities are quoted on NASDAQ.
In making the decision to withdraw its Securities from listing on
the BSE, the Company considered the direct and indirect costs and
expenses of maintaining listing of its Securities on the BSE. The
benefits from listing do not warrant the expenditure of the time and
money necessary to comply with the rules and regulations governing
listing and registration, and trading in the Securities can adequately
be handled in the over-the-counter market. Accordingly, the Company
does not see any particular advantage in the trading of its Securities
on the BSE.
On June 11, 1998, the Company notified the BSE that it was
requesting the delisting of the Securities, and, in a letter dated June
12, 1998, the BSE raised no objection to such delisting.
Any interested person may, on or before August 11, 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. 98-20052 Filed 7-27-98; 8:45 am]
BILLING CODE 8010-01-M
