QXL Ricardo says shareholders voted in favour of QXL Poland settlement at AGM

XL Ricardo PLC said that shareholders have voted at the AGM to implement the proposed settlement agreement relating its disputed Polish operation QXL Poland.

The company said it will be 'devoting significant management time and resources to the reintegration of QXL Poland into the Group.'

It said the first step in this process is to take over management control of QXL Poland from the court-appointed administrator, with a court hearing scheduled for Aug 2.

Internet auctioneers QXL regained control of its former subsidiary QXL Poland last month after reaching a conditional agreement with Wouwer Investeringen BV and Tomasz Dudziak.

Source: AFX