[Federal Register Volume 62, Number 156 (Wednesday, August 13, 1997)]
[Notices]
[Pages 43384-43385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21366]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Grove Property Trust, Common Stock, $.01 Par Value)
File No. 1-13080
August 7, 1997.
Grove Property Trust (``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 include the following:
According to the Company, the Security is also listed on the
American Stock Exchange, Inc. (``Amex'') effective May 23, 1997.
The Company has complied with the requirements of the BSE by filing
with the Exchange a certified copy of preambles and resolutions adopted
by the Company's Board of Directors authorizing the withdrawal of its
Security from listing on the BSE and by setting forth in detail to the
Exchange the reasons for such proposed withdrawal, and the facts in
support thereof.
In making the decision to withdraw its Security from listing on the
BSE, the Company considered the direct and indirect costs and expenses
associated with maintaining the dual listing of its Security on the BSE
and the Amex. The Company does not see any particular advantage in the
dual trading of its securities and believes that dual listing may
fragment the market for its securities.
Any interested person may, on or before August 28, 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.
[[Page 43385]]
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 97-21366 Filed 8-12-97; 8:45 am]
BILLING CODE 8010-01-M
