LAKE SUCCESS, N.Y.,
July 13, 2017 /PRNewswire/
-- The Hain Celestial Group, Inc. (Nasdaq: HAIN), a
leading organic and natural products company with operations in
North America, Europe and India providing consumers with A Healthier Way
of Life™, announced today that, as expected, the Company received a
notification letter dated July 7,
2017 from the Nasdaq Listing Qualifications Staff of The
NASDAQ Stock Market LLC ("Nasdaq") indicating that, since the
Company has not yet held an annual meeting of stockholders within
twelve months of the end of the Company's fiscal year ended
June 30, 2016, the Company no longer
complies with Nasdaq Listing Rules 5620(a) and 5810(c)(2)(G). The
Company filed its Annual Report on Form 10-K for the fiscal year
ended June 30, 2016 on June 22, 2017 and plans to announce its
annual meeting date shortly.
The notification received has no immediate effect on the listing
of the Company's common stock on Nasdaq. Under the Nasdaq
Listing Rules, the Company has until August
21, 2017 to submit a plan to regain compliance. If the
Company's plan is accepted, Nasdaq can grant an extension of up to
180 calendar days from June 30, 2017,
or December 27, 2017, to regain
compliance.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are predictions based on
expectations and projections about future events, and are not
statements of historical fact. You can identify forward-looking
statements by the use of forward-looking terminology such as
"plan", "continue", "expect", "anticipate", "intend", "predict",
"project", "estimate", "likely", "believe", "might", "seek", "may",
"remain", "potential", "can", "should", "could", "future" and
similar expressions, or the negative of those expressions. These
forward-looking statements include the Company's beliefs or
expectations relating to the Company's expectations relating to the
holding of its annual meeting of stockholders and its ability to
regain compliance under the Nasdaq Listing Rules. Such
forward-looking statements involve known and unknown risks,
uncertainties, and other factors which may cause the actual results
to be materially different from any future results expressed or
implied by such forward-looking statements. Such factors include a
delay in the holding of the Company's annual meeting of
stockholders and the possibility that the Company will not be able
to regain Nasdaq listing compliance. As a result of the
foregoing and other factors, no assurance can be given as to the
future results, levels of activity and achievements of the Company,
and neither the Company nor any person assumes responsibility for
the accuracy and completeness of these statements.
The Hain Celestial Group, Inc.
The Hain Celestial
Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe and India. Hain Celestial
participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth's Best®,
Ella's Kitchen®, Terra®, Garden of
Eatin'®, Sensible Portions®, Health
Valley®, Arrowhead Mills®,
MaraNatha®, SunSpire®, DeBoles®,
Casbah®, Rudi's Organic Bakery®, Hain Pure
Foods®, Spectrum®, Spectrum
Essentials®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®,
WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville
Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's Best®, Cully &
Sully®, New Covent Garden Soup Co.®,
Yorkshire Provender™, Johnson's Juice Co.®, Farmhouse
Fare®, Hartley's®, Sun-Pat®,
Gale's®, Robertson's®, Frank Cooper's®, Linda McCartney®, Lima®, Danival®,
Joya®, Natumi®, GG UniqueFiber®,
Tilda®, JASON®, Avalon Organics®,
Alba Botanica®, Live
Clean® and Queen
Helene®. Hain Celestial has been providing
A Healthier Way of Life™ since 1993. For more information,
visit www.hain.com.
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SOURCE The Hain Celestial Group, Inc.