Danish shipping and oil group A.P. Moller-Maersk on Wednesday denied a report it gave analysts at investment bank SEB Enskilda information based on a draft of its first-quarter earnings report, Reuters reports.
Danish media had reported on Wednesday that Maersk's head of investor relations, Henrik Lund, met SEB analysts on April 11 and gave them information from a draft of the first-quarter report.
Lund told Reuters that SEB Enskilda analysts had not had information based on the draft of the report at the meeting and the report was not ready at the time.
In an email to Reuters, an A.P. Moller-Maersk spokeswoman said the group had told the Copenhagen bourse and Danish Financial Supervisory Authority (FSA) of the situation.
"On April 11, A.P. Moller-Maersk had a meeting with analysts from SEB Enskilda. According to (daily) Business.dk we gave information about the upcoming quarterly results -- for the first quarter of 2011 -- based on a first draft of the report, amongst other things," Maersk said in an email to Reuters.
"We can plainly deny this. The result of the group's first quarter was not finished at this time," A.P. Moller-Maersk said.
An official at the bourse said trade in the shares would not be suspended and declined to comment further.
A.P. Moller-Maersk shares were up 0.9 percent at 0720 GMT.
Danish media had reported on Wednesday that Maersk's head of investor relations, Henrik Lund, met SEB analysts on April 11 and gave them information from a draft of the first-quarter report.
Lund told Reuters that SEB Enskilda analysts had not had information based on the draft of the report at the meeting and the report was not ready at the time.
In an email to Reuters, an A.P. Moller-Maersk spokeswoman said the group had told the Copenhagen bourse and Danish Financial Supervisory Authority (FSA) of the situation.
"On April 11, A.P. Moller-Maersk had a meeting with analysts from SEB Enskilda. According to (daily) Business.dk we gave information about the upcoming quarterly results -- for the first quarter of 2011 -- based on a first draft of the report, amongst other things," Maersk said in an email to Reuters.
"We can plainly deny this. The result of the group's first quarter was not finished at this time," A.P. Moller-Maersk said.
An official at the bourse said trade in the shares would not be suspended and declined to comment further.
A.P. Moller-Maersk shares were up 0.9 percent at 0720 GMT.