US: Hain says share probe will not affect FY results
Hain Celestial has insisted a review into the company's share practices will not affect its annual results for the last 12 months.
The US-based natural and organic group launched an internal investigation into its stock option dealings after US share watchdog The Securities and Exchange Commission launched its own probe.
Hain Celestial, the company behind brands including Rice Dream and Linda McCartney, said its review is ongoing and would lead to delay in the filing of its annual report.
Hain Celestial said it recognised that the delay would lead to the NASDAQ exchange issuing it with a delisting notice.
The company added: "The company expects the notice to be rescinded upon filing its Form 10-K and, in the interim, does not expect the notice to affect the liquidity of the trading in the Company's stock."
Last month, Hain Celestial posted bumper annual results with profits up almost 30%.
Hain Celestial has bought the MaraNatha and SunSpire brands and their nut butter manufacturing facility in Ashland, Oregon, the US-based firm has said....
Hain Celestial, the US-based natural and organics group, is looking to beef up its presence in the UK through acquisitions, the head of its business in the country said today (5 February)....
Hain Celestial has reiterated the financial guidance for its fiscal year after reporting second-quarter results....
Hain Celestial is to restate financial statements for its last two fiscal years following a review into the company's share option practices....
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