[Federal Register Volume 67, Number 240 (Friday, December 13, 2002)]
[Notices]
[Page 76770]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-31399]



[[Page 76770]]

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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration on the American Stock Exchange LLC (Drivetime 
Automotive Group, Inc. (Formerly Known as Ugly Duckling Corporation) 
12% Subordinated Debentures (Due 2003) and 11% Subordinated Debentures 
(Due 2007)) File No. 1-14759

December 6, 2002.
    Drivetime Automotive Group, Inc. (formerly known as Ugly Duckling 
Corporation), a Delaware corporation (``Issuer''), has filed an 
application with the Securities and Exchange Commission 
(``Commission''), pursuant to section 12(d) of the Securities Exchange 
Act of 1934 (``Act'') \1\ and rule 12d2-2(d) thereunder,\2\ to withdraw 
its 12% Subordinated Debentures (due 2003) and 11% Subordinated 
Debentures (due 2007) (``Securities''), from listing and registration 
on the American Stock Exchange LLC (``Amex'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer stated in its application that it has met the 
requirements of Amex rule 18 by complying with all applicable laws in 
State of Delaware, in which it is incorporated, and with the Amex's 
rules governing an issuer's voluntary withdrawal of a security from 
listing and registration.
    The Board of Directors (``Board'') of the Issuer unanimously 
approved a resolution on November 13, 2002, to withdraw the Issuer's 
Securities from listing on the Amex. The Board of the Issuer took such 
action based on the limited trading volume in the Securities and the 
costs associated with listing its Securities on the Amex. In addition, 
the Issuer states pursuant to the indentures under which the Securities 
were issued, it is not required to maintain the listing of its 
Securities on the Amex.
    The Issuer's application relates solely to the withdrawal of the 
Securities from listing on the Amex and shall not affect its obligation 
to be registered under section 12(g) of the Act.\3\
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    \3\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before December 30, 2002, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Amex 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.\4\
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    \4\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 02-31399 Filed 12-12-02; 8:45 am]
BILLING CODE 8010-01-M