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Alice Queen Limited (ASX:AQX)

ALERT: Price-sensitive ASX Announcement for AQX
Current share price for AQX : $0.006 -0.001 (-14.29%)+
Announcement
Release
6 Oct 2026 9:01AM
Price at Release
$0.007
Full Release
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Summary
Alice Queen Limited announced that, by agreement with the Board, founder and Managing Director Andrew Buxton will step down as Managing Director and as a director effective 23 October 2026 after more than 15 years in the role. He will assist with an orderly transition until that date, and the Company disclosed under ASX Listing Rule 3.16.4 that his services were provided through a consultancy agreement with Claremont Equities Pty Ltd, under which fees will be paid to 23 October 2026 plus a termination payment equal to six months’ fees of $125,000 plus GST. Chairman Wang Jianying thanked Mr Buxton for founding the Company and for his leadership and dedication, while the Board said it will begin an executive search for a new CEO/Managing Director; in the interim, Chief Financial Officer and Company Secretary Leonard Math will take a greater role in overseeing day-to-day operations.
Key Points
  • Alice Queen Limited announced a managing director transition on 6 October 2026.
  • Founder and Managing Director Andrew Buxton will step down as Managing Director and director effective 23 October 2026.
  • Buxton had served in the role for more than 15 years.
  • He will assist the Company to ensure an orderly transition until 23 October 2026.
  • His services were provided under a consultancy agreement with Claremont Equities Pty Ltd.
  • Claremont Equities will receive fees to 23 October 2026 and a payment equal to six months’ fees of $125,000 plus GST.
  • Chairman Wang Jianying thanked Andrew Buxton for founding Alice Queen and for his leadership.
  • The Board will commence a search for a new CEO/Managing Director.
  • CFO and Company Secretary Leonard Math will take a greater role in overseeing day-to-day activities in the interim.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.