LONDON (Dow Jones)--Lancashire Holdings Limited (LRE.LN) said Monday it purchased 88,181 Common Shares at a price of 497.29 pence per share ($7.41 per share at the current exchange rate). MAIN FACTS: -The lowest price and the highest price paid for these shares were 495.6 pence and 498.0 pence, respectively. -All the purchased shares will be cancelled. -Shares at 0809 GMT up 8.0 pence, or 1.7%, at 505.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 28, 2010 04:10 ET (08:10 GMT)