The founder of Blavod Extreme Spirits has upped his holding in the company. Jeffrey Hopmayer has increased his stake in the company by 269,514 ordinary shares to 1,683,657, representing 2.57% of the issued share capital, Blavod said yesterday (7 December).

This follows the settlement of a promissory loan note between Hopmayer and Extreme Beverage Company, LLC.

As a result of the transfer, Extreme Beverage Co has reduced its notifiable interest to 8,469,525 shares, or 12.94% of Blavod Extreme Spirits, including 985,100 shares held as bare trustee for SD Partners, LLC.

Hopmayer's shares in Blavod Extreme Spirits are registered in the name Circle Nominees Ltd.