Centrepoint Alliance shares issued as part of the Professional Investment Holdings deal have been removed from escrow.

Some 13.6 million shares were issued under the deal finalised in December 2010.

They were to be escrowed until last Thursday, unless an unnamed Professional Investment Services adviser left the dealer group, in which case the restrictions would continue until June 20 2015.

Under a new arrangement, all shares can be freely traded regardless of Centrepoint’s status with the dealer group.