[Federal Register Volume 63, Number 80 (Monday, April 27, 1998)]
[Notices]
[Page 20681]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11096]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Key Energy Group, Inc., Common Stock, $.10 Par 
Value) File No. 1-8038

April 21, 1998.
    Key Energy Group, 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 American 
Stock Exchange, Inc. (``Amex'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Company's Security has been listed for trading on the Amex and, 
pursuant to a Registration Statement on Form 8-A which became effective 
on March 31, 1998, the New York Stock Exchange, Inc. (``NYSE''). 
Trading in the Security on the NYSE commenced on April 6, 1998, and 
concurrently therewith such Security was suspended from trading on the 
Amex.
    In making the decision to withdraw its Security from listing on the 
Amex, the Company considered the sufficient liquidity provided by its 
listing and registration on the NYSE and the corresponding reduction in 
benefits provided by the costs associated with maintaining the Amex 
listing.
    The Company has complied with Rule 18 of the Amex by filing with 
such Exchange a certified copy of the resolutions adopted by the 
Company's Board of Directors authorizing the withdrawal of its Security 
from listing on the Amex and by setting forth in detail to such 
Exchange the reasons for such proposed withdrawal, and the facts in 
support thereof.
    By letter dated March 25, 1998, the Exchange informed the Company 
that its has no objection to the withdrawal of the Company's Security 
from listing on the Amex.
    By reason of Section 12(b) of the Act, and the rules and 
regulations thereunder, the Company shall continue to be obligated to 
file reports under Section 13 of the Act with the Commission and the 
NYSE.
    Any interested person may, on or before May 12, 1998, 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 
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. 98-11096 Filed 4-24-98; 8:45 am]
BILLING CODE 8010-01-M