Executive Share Awards
Malibu Life Holdings Limited announced that on June 8, 2026, Executive Director Gary Dombowsky received conditional awards under the Malibu Life Omnibus Incentive Plan, granting him 84,999 ordinary shares for nil cost, with a portion of these awards also entitling him to additional shares valued at $250,000 on May 15 of 2027, 2028, and 2029. These awards vested on the same date, representing a significant grant of equity to a key executive.
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On 8 June 2026, the Company granted to Gary Dombowsky the following awards over ordinary shares of no par value in the Company ("
Shares
"), subject to the rules of the Malibu Life Omnibus Incentive Plan. The awards have been granted in the form of conditional awards, each being a right to receive a transfer of Shares upon vesting for nil cost.
The awards vested in respect of 84,999 Shares on 8 June 2026.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Gary Dombowsky |
| 2 | Reason for the notification | |
| a) | Position/status | Executive Director |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Malibu Life Holdings Limited |
| b) | LEI | 549300WXTCG65AQ7V644 |
| Transaction 1 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of no par value in the Company ISIN: KYG8827C1006 |
| b) | Nature of the transaction | Grant of conditional awards over shares under the Malibu Life Omnibus Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 68,027 Shares worth $1,000,000 on 14 May 2026 Nil 16,972 Shares worth $250,000 on 15 May 2026 plus such number of ordinary shares as have a value which is equal to $250,000 on each of 15 May 2027, 15 May 2028 and 15 May 2029 |
| d) | Aggregated information - Aggregated volume - Price | - 84,999 plus such number of ordinary shares as have a value which is equal to $250,000 on each of 15 May 2027, 15 May 2028 and 15 May 2029 - Nil |
| e) | Date of the transaction | 2026-06-08 |
| f) | Place of the transaction | Outside a trading venue |
| Transaction 2 | ||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of no par value in the Company ISIN: KYG8827C1006 |
| b) | Nature of the transaction | Vesting of conditional awards over shares under the Malibu Life Omnibus Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 68,027 Shares worth $1,000,000 on 14 May 2026 Nil 16,972 Shares worth $250,000 on 15 May 2026 |
| d) | Aggregated information - Aggregated volume - Price | - 84,999 - Nil |
| e) | Date of the transaction | 2026-06-08 |
| f) | Place of the transaction | Outside a trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.