Hain Celestial: Receives Nasdaq Notification

Lake Success / NY. (hc) The Hain Celestial Group Inc., a leading natural and organic products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life, announced that, as expected, it received a notification letter dated August 31, 2016 from the Nasdaq Stock Market Inc. stating that the Company no longer complies with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of reports with the Securities and Exchange Commission (SEC). Nasdaq sent the notice as a result of the Company’s inability to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2016 by August 29, 2016.

This notification has no immediate effect on the listing of Hain Celestial’s common stock on Nasdaq. Under the Nasdaq rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted, the Company could be granted up to 180 days from the Form 10-K’s original due date to regain compliance. The Company expects to submit a plan to regain compliance within the timeline prescribed by Nasdaq.

As previously disclosed on August 15, in bakenet:eu on 2016-08-18, the Company will not be in a position to file its Form 10-K until the completion of the independent review of the Audit Committee and the audit process relating to the 2016 fiscal year. The Company is working diligently on this matter and will, as soon as practicable, make a further announcement regarding the updated timing of the release and conference call on its financial results.