[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]


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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