The Copenhagen stock exchange said on Wednesday it found no basis for concluding that A.P. Moller-Maersk had passed price-sensitive information to an SEB Enskilda analyst last month.

Danish media reported last month that A.P. Moller-Maersk’s head of investor relations, Henrik Lund, had met an SEB analyst on April 11 and given him information from a draft of the first-quarter report.

Maersk denied it leaked early details of the report and SEB Enskilda denied receiving such information, which companies are barred from releasing preferentially lest it be used for unlawful insider trading.

From Reuters