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Mainstreet Equity defers approval of new 2018 stock option plan

Mainstreet Equity Corp. said it will not consider the ordinary resolution to approve a new stock option plan for 2018 at its annual and special meeting of shareholders to be held March 16.

The decision is taken on the basis of feedback received from certain institutional shareholders, following which the Mainstreet board resolved to rescind its approval of the stock option plan and withdraw the resolution from the meeting's agenda.

The Canada-based residential real estate company said the proposal will be re-evaluated at some time in the future.