LAKE SUCCESS, N.Y., Nov. 3, 2016 /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 the Listing Qualifications Staff (the "Staff") of The NASDAQ Stock
Market LLC ("Nasdaq") has granted the Company's request for an exception to Nasdaq's filing requirement, as set forth in Nasdaq
Listing Rule 5250(c)(1) (the "Rule"), which requires the timely filing of all periodic financial reports with the Securities and
Exchange Commission (the "SEC").
As previously disclosed, on August 31, 2016, the Company received a letter from the Staff of
Nasdaq as a result of the Company's inability to timely file its Annual Report on Form 10-K for the fiscal year ended
June 30, 2016 with the SEC by August 29, 2016, as required under the
Rule.
On October 31, 2016, the Company timely submitted to Nasdaq its plan to regain compliance with
the Rule and, on November 2, 2016, the Company received formal notice from the Staff that the
Company had been granted an extension, through February 27, 2017, to file its periodic reports with
the SEC.
The Company and the Audit Committee of the Company's Board of Directors are continuing to work diligently to complete the
previously announced independent review and audit process relating to the 2016 fiscal year such that the Company is in a position
to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 with the SEC as soon
as possible and to thereby evidence compliance with the Rule.
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 filing of the Company's Annual Report on Form 10-K, regaining
listing compliance with Nasdaq and the results of the ongoing accounting review. 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 material delay in the
Company's financial reporting, including the possibility that the Company will not be able to file its Annual Report on Form 10-K
by February 27, 2017 or regain Nasdaq listing compliance, the possibility that one or more material
weaknesses in the Company's internal control over financial reporting may be identified in connection with the ongoing accounting
review, the possibility that the ongoing accounting review may identify errors, which may be material, in the Company's revenue
recognition accounting, whether investors should no longer rely upon previously issued financial statements, and the risk that
the Company may need to restate its financial statements. 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.®, 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.