[Federal Register Volume 70, Number 21 (Wednesday, February 2, 2005)]
[Notices]
[Pages 5496-5497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-1911]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Carmel Container 
Systems Ltd. To Withdraw Its Ordinary Shares, NIS 1.0 Par Value per 
Share, From Listing and Registration on the American Stock Exchange LLC 
File No. 1-09274

January 27, 2005.
    On December 1, 2004, Carmel Container Systems Ltd., an Israeli 
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 ordinary shares, NIS 1.0 par value per 
share (``Security''), from listing and registration on the American 
Stock Exchange LLC (``Amex'' or ``Exchange'').
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
---------------------------------------------------------------------------

    The Board of Directors (``Board'') of the Issuer approved a 
resolution on November 7, 2004 to withdraw the Issuer's Security from 
listing on the Amex. In making the decision to withdraw its Security 
from the Amex, the Board cited the following reasons: (i) The limited 
number of holders of the Security; (ii) exceptionally low trading 
volume in the Security; and (iii) the burden inherent in continuing to 
be listed and registered (including, for example, the necessity of 
satisfying reporting obligations and Sarbanes-Oxley Act requirements) 
against the benefits of the Security being listed on the Amex and 
registered under the Act.
    The Issuer stated in its application that it has met the 
requirements of Amex Rule 18 by complying with all applicable laws in 
effect in Israel, 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 Issuer's application relates solely to the withdrawal of the 
Security from listing and registration under section 12(b) of the Act 
\3\ and shall not affect its obligation to be registered under section 
12(g) of the Act.\4\
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
---------------------------------------------------------------------------

    Any interested person may, on or before February 22, 2005, comment 
on the 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. All 
comment letters may be submitted by either of the following methods:

[[Page 5497]]

Electronic Comments

     Send an e-mail to [email protected]. Please include 
the File Number 1-09274 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 
1-09274. 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. 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.\5\
---------------------------------------------------------------------------

    \5\ 17 CFR 200.30-3(a)(1).
---------------------------------------------------------------------------

Jonathan G. Katz,
Secretary.
[FR Doc. 05-1911 Filed 2-1-05; 8:45 am]
BILLING CODE 8010-01-P