The 4% limit for private shareholders of Monte dei Paschi di Siena has been abolished. This was decided by Monte's extraordinary shareholders' meeting with 98,88% of the share capital present at the time of the vote and 53,7% of the entire share capital.
Michele Briamonte was removed from the position of director with 80,055% of the votes. Briamonte had been suspended from office after the investigating judge of Siena, at the request of the Public Prosecutor's Office, had ordered his ban for two months, as part of the investigation opened with the hypothesis of insider trading for the publication of confidential news.
