Image: Goals has extended the bid deadline

Canada-based Ontario Teachers' Pension Plan has received an additional 14 days in which to decide whether it is to submit a takeover bid for Goals Soccer Centres.

Last month, the five-a-side football venue operator confirmed that the pension fund had made a preliminary approach but could not guarantee that a firm offer would be made.

Ontario Teachers' Pension Plan had until 30 April - under Rule 2.6(a) of the City Code on Takeovers and Mergers - to either make an offer or confirm that one was to be made.

Goals has now revealed - under Rule 2.6(c) of the code - that The Takeover Panel has approved a 14-day extension in which the group and the pension fund will continue their discussions.

A statement said: "The anticipated timetable for the completion of these discussions is consistent with the extended deadline."

Details: www.goalsplc.com