June 1 (Reuters) - Iress Ltd IRE.AX :
* UNDERTAKING FULLY UNDERWRITTEN PLACEMENT OF $150 MILLION TO INVESTORS
* UNDERTAKING NON-UNDERWRITTEN SHARE PURCHASE PLAN TO SHAREHOLDERS TO RAISE ABOUT $20 MILLION
* PLACEMENT OF NEW SHARES AT FIXED PRICE OF $10.42 PER SHARE
* PLACEMENT EXPECTED TO RESULT IN ISSUE OF ABOUT 14.4M NEW SHARES