CARE Ratings Buyback vs Marksans Pharma Buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to return surplus cash to its shareholders.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.