VanEck Vectors Pharmaceutical (PPH)

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PPHE Hotel Group Limited through its subsidiaries, jointly controlled entities and associates, owns leases, operates, franchises and develops full service upscale and lifestyle hotels in cities and regional centers in Europe. The Company’s activities are divided into owned hotel operations and management activities. The Company operates under three brands, which include Park Plaza Hotels & Resorts, art’otel and Arenaturist. The Group has a license from CarlsonSM, a hospitality and travel company, to develop and operate Park Plaza Hotels & Resorts in Europe, the Middle East and Africa. The art’otel brand is wholly owned by the Company. The Company’s portfolio of owned, managed, leased and franchised hotels consists of 38 hotels, offering a total of over 8,3 guest rooms and 2 meeting rooms, several restaurants, bars, health clubs and spas. The Company operates in the United Kingdom, Germany, The Netherlands and Croatia.