Yes, a cash-settled equity swap does have a settlement date, which is also known as the cash settlement payment date.This is the date on which the agreed-upon cash payment is made by one counterparty to the other, reflecting the difference in the underlying asset's price.
This important bit of information is missing from the ASX release.
If it were provided then this transaction could be thought of as Pentworth betting long against an unknown betting short
TLG Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
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