What such buy-back? Why companies redeem the shares from the exchange

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Often companies declare the return repayment of the papers. Why they do it? To receive benefit or because are compelled to take this step? We understand as on it it is possible...
Analysis
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Sergei Suverov
Main activity:Official
Konstantin Bushuev
Last position: Head of department of the analysis of the markets (JOINT-STOCK COMPANY "OTKRYTIYE BROKER")
Manaenko Yvan
PJSC Novatek
Main activity:Production and distribution of the electric power, gas and water
358
PJSC Lukoil
Main activity:Mining
399
Yandex LLC
Main activity:Communication and IT
469