UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
February 27, 2023
SELINA HOSPITALITY PLC
6th Floor, 2 London Wall Place
Barbican, London EC2Y 5AU
England
Tel: +44-1612369500
(Address, Including ZIP Code, and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
On February 27, 2023, Selina Hospitality PLC (the Company) issued a press release, a copy of which is attached as Exhibit 99.1. Additionally, On February 27, 2023, the Company issued a letter to certain of its shareholders (the Shareholder Letter) in connection with its General Meeting of Shareholders to be held on March 8, 2023. The text of the Shareholder Letter is set forth below.
Dear shareholders -
By now you should have received a circular and notice of our General Meeting of shareholders to be held on March 8, 2023, at 10:00am New York time (Notice of Meeting). If not, the following is a link to the Notice of Meeting, which includes an introductory letter from our independent chairman of the board of directors, Eric Foss.
https://investors.selina.com/static-files/576ac1aa-fd97-47d4-84c4-de32f20bdc23
The purpose of the meeting is to consider two resolutions, an ordinary resolution authorizing the directors to allot/issue up to 60,900,000 ordinary shares and a special resolution that authorizes the directors to disapply statutory preemption rights in respect of the allotment of ordinary shares under the first resolution. In essence, this allows the company to issue new shares or other equity securities without having to first offer them to existing shareholders. This is a customary resolution for public limited companies incorporated under the laws of England and Wales, as Selina is. Further details about why these resolutions are important for us can be found below and in the introductory letter in the Notice of Meeting.
Selinas directors unanimously recommend that both of these resolutions be approved.
How to attend the meeting
You will be able to participate in the General Meeting during the live webcast of the meeting by visiting www.meetnow.global/MTCS4L7 and entering your 16-digit control number found on the voting form that was mailed to you by post on or about February 8, 2023. You will be able to vote even if you have previously submitted your proxy. If you hold shares through a depositary, bank or broker, or indirectly in a savings plan, please refer to the additional attendance instructions set out in the Notice of Meeting.
How to vote
Shareholders of record as of February 3, 2023 are eligible to vote. Voting is easy and you may vote electronically now by proxy and, if you choose, change your vote. In order to vote or change your vote, please visit the voting website at www.envisionreports.com/SLNA and click on the Vote Now button in the section entitled Cast Your Vote. You will need your identifying control number from the proxy card, notice document or email you received. If you have not received your control number, please let us know by email to companysecretary@selina.com as soon as possible.
Rationale
In January we released an updated investor presentation (available at https://www.sec.gov/Archives/edgar data1909417/000119312523016974/d353393d6k.htm) in which we describe how we intend to execute on certain strategic initiatives aimed at optimizing cash flow, achieving better unit-level economics, and driving sustainable and profitable growth. However, in order to complete certain of these initiatives, Selina will need the flexibility to issue shares to certain investors and partners. The investor presentation describes several options Selina currently is considering in this regard, including:
| restructuring certain group liabilities into equity; |
| modifying the terms of Selinas outstanding convertible notes; |
| utilizing equity lines of credit to opportunistically draw capital; and |
| the accelerated extinguishment of certain warrants. |
Also, it is important to note that pursuant to the terms of the indenture for the $147.5 million aggregate principal amount of unsecured convertible notes due 2026 dated October 27, 2022, the company has certain obligations to complete a $60 million qualifying equity issuance by either October 27, 2024 or October 27, 2025, or else the interest rate payable under the notes will increase.
We appreciate your support and look forward to you attending the meeting. Should you have any questions in the meantime, please let us know by emailing companysecretary@selina.com.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SELINA HOSPITALITY PLC | ||||||
Date: February 27, 2023 | By: | /s/ JONATHON GRECH | ||||
Jonathon Grech | ||||||
Chief Legal Officer and Corporate Secretary |
INDEX TO EXHIBITS
Exhibit No. | Description | |
99.1 | Press release of Selina Hospitality PLC issued February 27, 2023 |
Exhibit 99.1
Selina to Participate in Company Presentation and Fireside Chats Live on Twitter Spaces
(NEW YORK, February 27, 2023) Selina Hospitality PLC (Selina, NASDAQ: SLNA), the fast-growing lifestyle and experiential hospitality company targeting millennial and Gen Z travelers, today announced that it will host a series of presentations and fireside chats live on the Twitter Spaces platform to discuss the company, 2023s strategic initiatives and outlook, and preliminary unaudited 2022 financial results.
Twitter Spaces Details
| Tuesday, February 28, from 11:15 am - 12:00 pm EST |
| Company presentation and fireside chat with Rafael Museri, Co-Founder and Chief Executive Officer of Selina and Steven OHayon, EVP and Head of Strategy. |
| Moderated by Mark Moran, CEO of Equity Animal |
| A Q&A will follow the fireside chat. To ask questions during the Q&A, participants must join the Twitter Space using a mobile device. |
| RSVP: https://twitter.com/i/spaces/1jMJgLYmWnyxL |
| Thursday, March 2 from 11:00 am - 11:45 am EST |
| Company presentation and fireside chat with a focus on 2023s strategic initiatives and outlook, and additionally highlighting preliminary unaudited financial results hosted by Rafael Museri, Co-Founder and Chief Executive Officer of Selina, Barbara Zubiria, Selinas Chief Financial Officer, and Sam Khazary, EVP and Head of Corporate Development |
| Moderated by Mark Moran, CEO of Equity Animal. |
| A Q&A will follow the presentation. To ask questions during the Q&A, participants must join the Twitter Space using a mobile device. |
| RSVP: https://twitter.com/i/spaces/1RDGlaRlDRdJL |
To participate in the Twitter Spaces, please follow @SelinaHotels and @EquityAnimal.
To listen only, participants can access the Twitter Space from a computer.
About Selina Hospitality PLC.
Selina (NASDAQ: SLNA) is one of the worlds largest hospitality brands built to address the needs of millennial and Gen Z travelers, blending beautifully designed accommodation with coworking, recreation, wellness, and local experiences. Founded in 2014 and custom-built for todays nomadic traveler, Selina provides guests with a global infrastructure to seamlessly travel and work abroad. Each Selina property is designed in partnership with local artists, creators, and tastemakers, breathing new life into existing buildings in interesting locations in 25 countries on six continents from urban cities to remote beaches and jungles. To learn more, visit Selina.com or follow Selina on Twitter, Instagram, Facebook, Linkedin or YouTube.
Forward-Looking Statements
This press release contains statements that are, or may be deemed to be, forward-looking statements. All statements other than statements of historical fact included in this press release, including statements regarding our future results of operations and financial position as well as plans and objectives of management for future operations, are forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while we consider reasonable, are inherently uncertain. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those described in our filings with the U.S. Securities and Exchange Commission. No assurance can be given that such future results will be achieved. Such forward-looking statements contained in this document speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to update these forward-looking statements contained in this press release to reflect any change in our expectations or any change in events, conditions, or circumstances on which such statements are based unless required to do so by applicable law.
Contacts:
Media: press@selina.com
Investors: investors@selina.com
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end