Sept 18 (Reuters) - ELMO Software Ltd ELO.AX :
* ELMO LAUNCHES A$55 MILLION PLACEMENT AND SHARE PURCHASE PLAN
* TO UNDERTAKE A FULLY UNDERWRITTEN PLACEMENT OF A$55 MILLION AT AN OFFER PRICE OF A$6.00 PER SHARE
* AFTER PLACEMENT, CO WILL CONDUCT NON-UNDERWRITTEN SHARE PURCHASE PLAN OFFER TO EXISTING ELIGIBLE SHAREHOLDERS CAPPED AT A$5 MILLION
* CONCURRENT WITH PLACEMENT, CO'S FOUNDERS TO SELL ABOUT 3.3 MILLION SHARES WORTH A$20 MILLION AT A$6.00 PER SHARE