Fresh Del Monte's board of directors has approved a three-year share repurchase programme of up to US$300m of the company's ordinary shares, which will expire on 29 July 2018.
The share repurchase programme, which was approved at the company's board meeting, is in addition to Del Monte's existing three-year repurchasing programme of US$300m, which is set to expire on 1 May 2016.
Meanwhile, the board of directors has also declared an interim cash dividend of twelve and a half cents (US$0.125) per share, payable on 4 September 2015, to shareholders of record on 12 August 2015.
The group recently outlined its results for the second quarter of the year, with slight increases in net income and sales.
