[Federal Register Volume 63, Number 187 (Monday, September 28, 1998)]
[Notices]
[Page 51631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25821]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Room Plus, Inc., Common Stock, $.00133 Par Value;
Redeemable Common Stock Purchase Warrants) File No. 1-14478
September 22, 1998.
Room Plus, 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 have been listed for trading on the BSE
and the Nasdaq since November 1, 1996.
In making the decision to withdraw its Securities from listing on
the BSE, the Company considered the direct and indirect costs and
expenses attendant on maintaining the dual listing of its Securities on
the Nasdaq and the BSE. The Company does not see any particular
advantage in the dual trading of its Securities and believes that dual
listing would fragment the market for its Securities.
The Company has complied with the rules of the Exchange by filing a
certified copy of the resolution adopted by the Company's Board of
Directors authorizing the withdrawal of its Securities from listing and
registration on the Exchange and by setting forth in detail to the
Exchange the reasons for the proposed withdrawal.
By letter dated August 26, 1998, the Exchange informed the Company
that it would not object to the withdrawal of the Company's Securities
from listing and registration on the BSE.
The withdrawal from listing of the Company's Securities from the
BSE has no effect upon the continued listing of the Securities on the
Nasdaq.
By reason of Section 12 of the Act and the rules thereunder, the
Company shall continue to be obligated to file reports under Section 13
of the Act with the Commission and the Nasdaq.
Any interested person may, on or before October 13, 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 rule 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. 98-25821 Filed 9-25-98; 8:45 am]
BILLING CODE 8010-01-M
