Fresh Del Monte announced that its board has approved a share repurchase plan pursuant to which Fresh Del Monte may repurchase up to 500,000 of its Ordinary Shares. Shares may be repurchased through open market purchases, unsolicited or solicited privately negotiated transactions, or in such other manner as will comply with the terms of applicable federal and state securities laws and regulations, including, without limitation, Rule 10b-18 of the Securities Exchange Act of 1934. All Ordinary Shares repurchased will be retired.
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