[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] ----------------------------------------------------------------------- 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