[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: 98-20053]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Sel-Leb Marketing, Inc., Common Stock, $.01 Par
Value; Redeemable Common Stock Purchase Warrants) File No. 1-13856
July 21, 1998.
Sel-Leb Marketing, 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 Securities have been listed for trading on the Nasdaq SmallCap
Market and the BSE. Using a Registration Statement on Form 8-A, as
amended, which became effective on July 13, 1995, the Company
registered the Securities pursuant to Sections 12(b) and 12(g) of the
Act.
On June 18, 1998, the Board of Directors of the Company authorized
the withdrawal of the Securities from listing and trading on the BSE.
In making such decision, the Board of Directors considered the costs
and expenses involved in maintaining the dual listing of its
Securities, especially in light of the fact that the Board of Directors
believes that, given the low volume of trading in the Securities, the
Company and its shareholders no longer obtain any particular benefits
from being listed on the BSE.
By letter dated June 19, 1998, the Company advised the BSE of the
Company's decision to withdraw the Securities from listing on the BSE.
Subsequently, the Company provided the Exchange with additional
documentation requested by the BSE in order for the Exchange to review
the Company's request to withdraw its Securities from listing on the
BSE.
By letter dated June 30, 1998, the BSE advised the Company that the
Exchange had no objection to the withdrawal of the Securities from
listing on the BSE.
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
under Section 13 of the Act.
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, NW., Washington, DC 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. 98-20053 Filed 7-27-98; 8:45 am]
BILLING CODE 8010-01-M
