BRIEF-Funtastic says received two expressions of interest for potential purchase of the Madman business

March 4 (Reuters) - Funtastic Ltd FUN.AX :

* Potential divestment & trading update FUN.AX

* Says received two expressions of interest for the potential purchase of the madman business

* Anticipated that will finalise possible sale transaction of madman prior to announcing first half results

* Says would use the proceeds to repay debt with a projected net debt position at the end of the financial year of about $25 million

* Expect there would be an impairment charge within the range of $22 million to $28 million

* FY outlook for business without sale of madman (excluding impairment charge) will see EBITDA in range of $19 million to $23 million and sales growth of 10% - 15%

* Source text for Eikon News Search ID:nASX9pRmQp

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