In total, 30.06% of PCG’s share capital changed hands with a final chunk of 100.5mln (7.51%) being sold by Beaufort Securities.
The vast majority of the shares were those issued when PCG acquired Center Point Development, but this business has now been sold on following a dispute between CPD’s vendors and its main supplier that proved impossible to resolve.
PCG itself will receive around £420,000 following the share sales.
Nick Bryant, PGCE's chief executive, said: "This concludes the disposal on a very positive note, and brings additional funding into the Company. We look forward to reporting further good news to the markets in due course."
Shares jumped 29% to 0.188p to make a gain of almost 80% in a week