[Federal Register Volume 70, Number 8 (Wednesday, January 12, 2005)]
[Notices]
[Page 2191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-70]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-00434]


Issuer Delisting; Notice of Application of the Procter & Gamble 
Company To Withdraw Its Common Stock, $1.00 Par Value, From Listing and 
Registration on the National Stock Exchange

January 6, 2005.
    On December 16, 2004, the Procter & Gamble Company, an Ohio 
corporation (``Issuer'') 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 common stock, $1.00 par value 
(``Security''), from listing and registration on the National Stock 
Exchange (``NSX'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved a 
resolution on December 14, 2004 to withdraw the Issuer's Security from 
listing and registration on the NSX. The Board states that the 
following reasons factored into its decision to withdraw the Issuer's 
Security from the NSX; (i) the Security will remain listed on the New 
York Stock Exchange, Inc. (``NYSE''), which accounts for considerably 
higher trading volume than the NSX; (ii) maintenance of multiple 
listings requires significant time and expense in ensuring compliance 
with the rules and disclosure requirements of both exchanges; and (iii) 
the benefits of continued listing on the NSX do not outweigh the 
incremental cost and administrative burden.
    The Issuer stated in its application that it has complied with the 
NSX's rules governing an issuer's voluntary withdrawal of a security 
from listing and registration.
    The Issuer's application relates solely to the withdrawal of the 
Security from listing on the NSX, and shall not affect its continued 
listing on the NYSE or its registration under section 12(b) of the 
Act.\3\
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    \3\ 15 U.S.C. 78l(b).
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    Any interested person may, on or before February 2, 2005, comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of the NSX, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Send an e-mail to [email protected]. Please include 
the File Number 1-00434 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW., 
Washington, DC 20549-0609.
    All submissions should refer to File Number 1-00434. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room, 450 Fifth Street, NW., Washington, 
DC 20549. All comments received will be posted without change; we do 
not edit personal identifying information from submissions. You should 
submit only information that you wish to make available publicly.
    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. E5-70 Filed 1-11-05; 8:45 am]
BILLING CODE 8010-01-P