Monte Paschi calls shareholder meeting to vote on scrapping voting cap


Banca Monte dei Paschi di Siena said on Thursday its board had decided to call a shareholder meeting to vote on the scrapping of a 4 percent ceiling on voting rights.

In a statement, Italy's No. 3 bank said an extraordinary and ordinary shareholders meeting had been called for July 18 and 19 in first and second convocation, respectively.

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The shareholders will also be asked to vote on measures relating to the May. 28 suspension of board member Michele Briamonte, the lender said.

(Reporting By Stephen Jewkes)