Cubitt returns for Nettec buyout bid

Cash shell Nettec has reappointed Cubitt Consulting, five years after it ditched the agency in the wake of its flotation.

Cubitt will advise Nettec as it bids to complete a reverse takeover of luxury resort firm Newfound, creating a new £150m firm.

If the deal is successful, Cubitt will handle the new firm's proposed flotation on AIM.

As required by AIM rules, trading in Nettec has been suspended by the London Stock Exchange.

Cubitt partner Michael Henman leads the account, reporting to Nettec chief executive Edwin Richards and chairman Jeremy White, who worked with Cubitt during its first contract.

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