June 25 (Reuters) - Freedom Foods Group Ltd FNP.AX :
* CLARIFY THAT A TOTAL OF 61 POSITIONS HAVE BEEN TERMINATED WITH 41 STAFF BEING MADE REDUNDANT
* ADVISED BY PERICH FAMILY THAT IT HAS ONGOING SUPPORT FOR CO'S CAPITAL REQUIREMENTS
* CONTINUES TO REVIEW ITS INVENTORY LEVELS AND CARRYING VALUE OF INVENTORY
* NOT IN POSITION TO MAKE ANY FURTHER COMMENT AT THIS TIME IN RELATION TO EMPLOYMENT POSITION OF RORY MACLEOD
* ONE-OFF NON-CASH WRITE-DOWN OF CARRYING VALUE OF INVENTORY IN FY20 OF ABOUT $25 MILLION
* EXPECTED THAT FURTHER BAD DEBT PROVISIONING AND REVERSAL OF PRIOR PERIOD REVENUE RECOGNITION WILL BE REQUIRED IN FY20
* EBITDA IMPACT OF ADJUSTMENTS EXPECTED TO BE FURTHER NEGATIVE ADJUSTMENT OF ABOUT $10 MILLION
* CO REQUESTED VOLUNTARY SUSPENSION TO ALLOW IT TO INVESTIGATE ITS FINANCIAL POSITION
* REVISED ESTIMATE FOR ADDITIONAL WRITE-DOWN OF $35 MILLION, BRINGS AGGREGATE INVENTORY WRITE DOWN FOR FY20 TO BE AOUT $60 MILLION
* AWAITING INFORMATION WHETHER ANY FINISHED GOODS INVENTORY HELD OUTSIDE AUSTRALIA SHOULD BE SUBJECT TO WRITE-DOWN
* ENGAGED ASHURST AND PWC TO ADVISE ON INVESTIGATION INTO FINANCIAL POSITION
* SEES CHARGE OF $5.9 MILLION IN FY20 DUE TO NON-CASH SHARE BASED PAYMENTS EXPENSE IN RELATION TO REVIEW OF EMPLOYEE OPTIONS ISSUES
* CHARGE OF $5.9 MILLION TO BE BROUGHT TO ACCOUNT, EITHER WHOLLY IN FY2020 OR SPREAD ACROSS FY & PRIOR PERIODS