Liberty International PLC's (LII.LN) founder and biggest shareholder Donald Gordon is "totally supportive of the board and their actions," a spokesman said Sunday on Gordon's behalf, rejecting a newspaper report which said Gordon is resisting plans to raise capital.

The Sunday Times reported taht Gordon was resisting plans by the U.K's biggest shopping center owner to raise more than GBP350 million to bolster its balance sheet, without saying where it got its information.

In the past few weeks, Liberty's advisers, UBS and Merrill Lynch, have been trying to galvanize support for a placing from other Liberty investors, including Australian shopping-center group Westfield Holdings Ltd. (WSF.AU) and Simon Property Group Inc. (SPG) of the U.S., according to the report.

Gordon's family controls more than 22% of the business.

-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; lilly.vitorovich@dowjones.com
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