[Federal Register: October 26, 1999 (Volume 64, Number 206)]
[Notices]               
[Page 57669]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26oc99-105]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (Noble International, Ltd., Common Stock, No Par 
Value per Share) File No. 1-13581

October 20, 1999.
    Noble International, Ltd. (``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 12d-2(d) promulgated thereunder, to withdraw the security 
specified above (``Old Common Stock'') from listing and registration on 
the American Stock Exchange LLC (``Amex'' or ``Exchange'').
    On January 26, 1999, the Company's Board of Directors approved a 
resolution to withdraw the Old Common Stock from listing and 
registration on the Amex in conjunction with a planned reincorporation 
of the Company in Delaware and the commencement thereafter of trading 
of the new Delaware Company's Common Stock, $.001 par value (``New 
Common Stock''), on the National Market of the Nasdaq Stock Market, 
Inc. (`'Nasdaq''). Such reincorporation became effective at the close 
of business on July 6, 1999, and trading in the New Common Stock 
commenced on the Nasdaq at the opening of business on July 7, 1999.
    At the time of its initial public offering in November 1997, the 
Company chose to list the Old Common Stock on the Amex only because the 
Company did not at that time meet the Nasdaq's quantitative listing 
criteria. As of December 31, 1998, however, the Company achieved the 
revenue and asset goals necessary to meet these listing criteria and 
shortly thereafter adopted the resolution described above.
    In making the determination to have its New Common Stock quoted on 
the Nasdaq, the Company has considered the differing trading structures 
of the Nasdaq and the Exchange and has stated that it believes that the 
variety of market participants available through the Nasdaq will 
provide better shareholder value than the auction market of the 
Exchange has done.
    The Company has complied with the rules of the Amex by filing with 
the Exchange a certified copy of the resolutions adopted by its Board 
of Directors authorizing the withdrawal of the Old Common Stock from 
listing on the Amex and by setting forth in detail to the Exchange the 
reasons and supporting facts for such proposed withdrawal. The Amex has 
in turn informed the Company that it would not interpose any objection 
to the Company's application to withdraw its Old Common Stock from 
listing and registration on the Exchange.
    The Company's application relates solely to withdrawal of the Old 
Common Stock from listing and registration on the Exchange and shall 
not affect the New Common Stock's designation for quotation on the 
Nasdaq. By reason of Section 12(g) of the Act and the rules and 
regulations of the commission thereunder, the Company shall continue to 
be obligated to file reports under Section 13 of the Act with the 
Commission.
    Any interested person may, on or before November 10, 1999, submit 
by letter to the Secretary of the Securities and Exchange Commission, 
450 Fifth Street, N.W., Washington, D.C. 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the Exchange 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. 99-27883 Filed 10-25-99; 8:45 am]
BILLING CODE 8010-01-M