Apple-focused food and beverage producer Sun-Rype has revealed plans to buy back 3% of outstanding common shares. The plan follows on from the company’s activity over the previous year, when it re-purchased around 305,000 shares between 27 January 2000 and 19 January this year, for an average price of C$3.66 each.

The new buyback will begin on Monday (29 January) and Sun-Rype hopes to gather up to 300,000 shares by 28 January 2002.